A retired couple have $150,000 to invest and want to earn $15,000 per year in interest. The

Question:

A retired couple have $150,000 to invest and want to earn $15,000 per year in interest. The safer investment yields 9.5%, but they can supplement their earnings by investing some of their money at 11%. How much should they invest at each rate to earn $15,000 per year?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: