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uestio Investor Matt has $758,000 to invest in a CD and a mutual fund. The CD yields 6.2% and the mutual fund yields an average
uestio Investor Matt has $758,000 to invest in a CD and a mutual fund. The CD yields 6.2% and the mutual fund yields an average of 8.6%. The mutual fund requires a minimum investment of $19,000, and Matt requires that at least 4 times as much money be invested in the CD as in the mutual fund. You must invest in order to maximize his return. What is the maximum return? Enter O if no investment can be made satisfying the requirements. Round to the nearest cent. Question 7 6 pts
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