Laura recently retired, and has $470,000 in savings. She wants to invest as much as possible...

Transcribed Image Text:

Laura recently retired, and has $470,000 in savings. She wants to invest as much as possible in a safe CD account payir 1.1% interest, and as little as possible in a riskier bond paying 5.9% interest. She needs to earn $15,250 a year in interest to cover expenses above SSI. How much should she invest in each account? in the CD at 1.1% in the bond at 5.9% %24 Laura recently retired, and has $470,000 in savings. She wants to invest as much as possible in a safe CD account payir 1.1% interest, and as little as possible in a riskier bond paying 5.9% interest. She needs to earn $15,250 a year in interest to cover expenses above SSI. How much should she invest in each account? in the CD at 1.1% in the bond at 5.9% %24

Answer rating: 100% (QA)

olution Let Laura Invested x in Safe cD accamt then mone y invested in ... View the full answer