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September 2, 2014

Homework Help: math

Posted by gaurav on Saturday, October 29, 2011 at 2:10am.

4. You have $55000 to invest, and two funds you would like to invest in. The You-Risk-It Fund yields 13% interest. The Extra-Dull Fund yields 7% interest. Because of the college financial aid implications, you donít think you can afford to earn more than $6500 in interest income this year. How should you put in each fund?

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