How to divide money to produce an annual interest income

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Reference no: EM13180136

you have $250 000 in and ira (individual retirement account) at the time you retire. you have the option of investing this money in two funds. fund A pays 2.5% annually and fund B pays 7.5% annually. how should you divide your money between fund A and fund B to produce an annual interest income of $11,250?

you should invest ___ in fund A and ___ in fund B?

Reference no: EM13180136

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How to divide money to produce an annual interest income : you have $250 000 in and ira (individual retirement account) at the time you retire. you have the option of investing this money in two funds. fund A pays 2.5% annually and fund B pays 7.5% annually. how should you divide your money between fund A..

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