Question

A retiree has $200,000 to invest and needs to make $13,000 with her investments. If she can invest in government bonds at 6% or investment-grade bonds at 8%, how much should she invest in each?

Answer 1

Answer:

$50,000 at 8%; $150,000 at 6%

Step-by-step explanation:

$50,000 x .08 = $4000

$150,000 x .06 = $9000

$4000 + $9000 = $13,000