Justice just retired, and has $790,000 to invest. A very

Last updated: 7/16/2022

Justice just retired, and has $790,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bond fund pays 5.5% in interest. Justice figures he needs $28,000 a year in interest to live on. How much should he invest in each account to make enough interest while minimizing his risk? at 2.5% at 5.5%