You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing this money in two funds: Fund A pays 3.7% annually and Fund B pays 6.2% annually....


You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing this money in two funds: Fund A pays<br>3.7% annually and Fund B pays 6.2% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of<br>$41,750?<br>.....<br>You should invest $<br>in Fund A and $<br>in Fund B.<br>

Extracted text: You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing this money in two funds: Fund A pays 3.7% annually and Fund B pays 6.2% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of $41,750? ..... You should invest $ in Fund A and $ in Fund B.

Jun 05, 2022
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