A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% and 6 %. It wishes an annual yield of no less than 6 %. What is the least amount of money that the company must invest -% rate? The company should invest at least $(at 6-%. (Round to the nearest cent as needed.)

Answer rating: 100% (QA)

To determine the least amount of money that the company must invest at a 6 rate we can set up ... View the full answer