College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco

Question

النسخة 3الرقم المعياري الدولي: 032157060X

النسخة 3الرقم المعياري الدولي: 032157060X

تمرين 51

الحلول خطوة بخطوة

موثّق

الخطوة 1 من4

الخطوة 2 من 4

الخطوة 3 من 4

الخطوة 4 من 4

Answer 1

The amount available to invest for Jake is $250000.

One money market fund pays 6.6%.

A mutual fund has an average return of 8.6%.

Jake wishes to have an average return of 7%.

The objective is to determine the required investment in each mode.