Mathematics, 27.01.2022 15:10 alexi25jeep

Jamal just retired, and has $890,000 to invest. A very safe Certificate of Deposit (CD) account pays 1%, while a riskier bond fund pays 4.5% in interest. Jamal figures he needs $18,000 a year in interest to live on.
How much should he invest in each account to make enough interest while minimizing his risk?

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Jamal just retired, and has $890,000 to invest. A very safe Certificate of Deposit (CD) account pays...

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