Mathematics
Mathematics, 26.11.2021 22:50, quintasiahaskin

An investor has $70,000 to invest in a CD and a mutual fund. The CD yields 9% and the mutual fund yields 6%. The mutual fund requires a minimum investment of $9,000, and the investor requires that at least twice as much should be invested in CDs as in the mutual fund. What is the maximum return?

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An investor has $70,000 to invest in a CD and a mutual fund. The CD yields 9% and the mutual fund yi...

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