Tumaiesla G.

asked • 09/14/14

Investment Problems, How do you solve the problem below?

Orlando, a financial planner, recommended that 25% of a client's investment be placed in a 4% annual simple interest tax-free account, that 40% be placed in 6% certificates of deposit, and that the remainder be placed in 9% high-risk investment. The total interest earned from the investments would be $6550. Find the total amount to be invested.

1 Expert Answer

By:

Phillip R. answered • 09/14/14

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