Question: You have $ 7 5 0 , 0 0 0 in an IRA at the time you retire. You have the otion of investing this

You have $750,000 in an IRA at the time you retire. You have the otion of investing this money in two funds. Funds A pays 5.1% annually and Fund B pays 7.6 annually. How should you divide your money between Fund A and B to produce an annual interest income of $53,000?

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