One safe investment pays 6% per year, and a more risky
Last updated: 7/17/2022
One safe investment pays 6% per year, and a more risky investment pays 14% per year. a. How much must be invested in each account if an investor of $94,000 would like a return of $7,400 per year? b. Why might the investor use two accounts rather than put all the money in the 14% investment? a. is invested in the 6% account. is invested in the 14% account. b. Why might the investor use two accounts? A. The 14% account does not earn as much interest as the 6% account B. Investing in two accounts always yields more money than investing in just one account. C. The 14% investment is riskier than the 6% investment. There is a greater chance the investor will lose money if it is all placed in the 14% account. D. Although the 14% account earns more interest, the 6% account has no hidden fees.