A woman has $216,000 to invest and wants to generate
Chapter 0, Problem 62(choose chapter or problem)
A woman has $216,000 to invest and wants to generate $12,000 per year in interest income. She can invest in two tax-free funds. The first is stable, but pays only 4.5%. The second pays 9.25%, but has a greater risk. If she wants to minimize the amount of money invested in the second fund, how much should she invest in the first fund?
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