Asked by Sally
gilbert plans to invest 9% and 11% annually. if he want to earn$1200 annually how much should he invest in each bond.
Answers
Answered by
Steve
depends on the total amount invested. Could be anywhere from
$13333 at 9% and $0 at 11%
to
$0 at 9% and $10909 at 11%
$13333 at 9% and $0 at 11%
to
$0 at 9% and $10909 at 11%
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