question archive An investor has 75,000 to invest in a CD and a mutual fund
An investor has 75,000 to invest in a CD and a mutual fund
Subject:MathPrice:2.87 Bought7
An investor has 75,000 to invest in a CD and a mutual fund. The CD yields 6?% and the mutual fund yields 8%. The mutual fund requires a minimum investment of $8,000?, and the investor requires that at least twice as much should be invested in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the? return? What is the maximum?return?
