A father wants to invest $50,000 in order to earn $4000 per year to help pay...
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A father wants to invest $50,000 in order to earn $4000 per year to help pay for his daughter's college education. He places $30,000 in a savings account earning 5% per year. He wants to place the rest of his investment in a mutual fund. How much (what percent) will the mutual fund have to earn for him to make his goal? Enter your answer with the % symbol A father wants to invest $50,000 in order to earn $4000 per year to help pay for his daughter's college education. He places $30,000 in a savings account earning 5% per year. He wants to place the rest of his investment in a mutual fund. How much (what percent) will the mutual fund have to earn for him to make his goal? Enter your answer with the % symbol
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