Question: You have $ 7 5 0 , 0 0 0 in an IRA ( Individual Retirement Account ) at the time you retire. You have

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 1.6% annually and Fund B pays 6.6% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of $40,000

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