Mathematics, 01.04.2021 06:30 valeriegarcia12

A financial planner wants to invest $8,000, some in high risk stocks earning 15% annually and the rest in safer mutual funds earning 6% annually. How much
should be invested at each rate to get a return of $930 annually from the two
investments? (6 points total)

Answers: 3

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A financial planner wants to invest $8,000, some in high risk stocks earning 15% annually and the rest in safer mutual funds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments? (6 points total)

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Another question on Mathematics

A financial planner wants to invest $8,000, some in high risk stocks earning 15% annually and the rest in safer mutual funds earning 6% annually. How much
should be invested at each rate to get a return of $930 annually from the two
investments? (6 points total)