Vern sold his 1964 ford mustang for $55,000 and wants to invest the money to earn him 5.8% interest per year. he will put some of the money into fund a that earns 3% per year and the rest in fund b that earns 10% per year. how much should he invest into each fund if he wants to earn 5.8% interest per year on the total amount?
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Home » Business » Vern sold his 1964 ford mustang for $55,000 and wants to invest the money to earn him 5.8% interest per year. he will put some of the money into fund a that earns 3% per year and the rest in fund b that earns 10% per year.