Question:
One safe investment pays 8% per year, and a more risky
Last updated: 7/17/2022
One safe investment pays 8% 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 $8,780 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 8% account.