Mathematics, 12.10.2019 19:30 KeyesRaveen
Steve has $25,000 to invest and wishes to earn an overall annual rate of return of 8%. his financial advisor recommends that he invest some of the money in a 5-year cd paying 4% per annum and the rest in a corporate bond paying 9% per annum. how much should steve place in each investment in order to achieve his goal?
if you can solve this, can you show your work and explain what i need to plug in where, and what equation i need to use? this is so confusing.
Answers: 2
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Steve has $25,000 to invest and wishes to earn an overall annual rate of return of 8%. his financial...
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