A retired woman has $40,000 to invest. She has chosen one relatively safe investment fund...
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A retired woman has $40,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another, riskier fund that has a 13% annual yield. How much should she invest in each fund if she would like to earn $4,000 per year from her investments?
in the 9% fund $
in the 13% fund $
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