Jake has $168,000 to invest. He chooses one money market

Last updated: 7/22/2022

Jake has $168,000 to invest. He chooses one money market fund that pays 6.8% and a mutual fund that has more risk but has averaged 7.2% per year. If his goal is to average 6.9% per year with minimal risk, how much should he invest in each fund? Jake should invest $ in the money market fund that pays 6.8%. (Simplify your answer.)