Mathematics, 20.02.2021 09:10, zsmart909
Lew has $300,000 to invest. A municipal bond fund pays a 3.5% dividend, and CDs in the bank pay 2%. He feels he needs $7500 a year from his investment to supplement his social security check. How much should he put into each account?
A. $100,000 in the bond fund and $200,000 in CDs
B. $50,000 in bonds, $250,000 in CDs
C. $250,000 in the bond fund, and $50,000 in CDs
D. none of the above
Answers: 1
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Lew has $300,000 to invest. A municipal bond fund pays a 3.5% dividend, and CDs in the bank pay 2%....
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