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Mathematics, 06.11.2020 19:10, arias333
Lan just retired, and has $890,000 to invest! A very safe Certificate of Deposit (CD) account pays 1.5%,
while a riskier bond fund pays 6% in interest. lan figures he needs $36,000 a year in interest to live on. How
much should he invest in each account to make enough interest while minimizing his risk?
at 1.5%
at 6%
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Answers: 3
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Lan just retired, and has $890,000 to invest! A very safe Certificate of Deposit (CD) account pays 1...
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