Find an Online Tutor Now

Lucas L.

asked • 10/07/18

How much to invest in CD and mutual fund

An investor has $75,000 to invest in a CD and a mutual fund. The CD yields 9% and the mutual fund yields 8%. The mutual fund requires a minimum investment of $8,000, and the investor requires that at least twice as much should be invested in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the return? What is the maximum return?

1 Expert Answer


Andy C. answered • 10/07/18

4.9 (27)

Math/Physics Tutor

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.