Lindsey D.

asked • 08/26/14

A bus driver wants to earn $3,500 per year in supplemental income from an inheritance of $40,000. If the driver invests $10,000 in a mutual fund paying 8%

A bus driver wants to earn $3,500 per year in supplemental income from an inheritance of $40,000.  If the driver invests $10,000 in a mutual fund paying 8%, what rate must he earn on the remainder to reach his goal?
 

1 Expert Answer

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Ira S. answered • 08/26/14

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