Investor Dan has $353,000 to invest in bonds. Bond A yields

Last updated: 7/15/2022

Investor Dan has $353,000 to invest in bonds. Bond A yields an average of 7% and the bond B yields 9.8%. Dan requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? Round to the nearest cent.