Unique L.

asked • 01/21/15

investment

68000 invested in stocks paying 8%. How much additional money should he invest in certificates of deposit paying 3% so that the average returnon the two investments is 4%?

1 Expert Answer

By:

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.

OR

Find an Online Tutor Now

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