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Jake has $288,000 to invest. He chooses one money market fund that pays 6.4% and...

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Finance

Jake has $288,000 to invest. He chooses one money market fund that pays 6.4% and a mutual fund that has more risk but has averaged 19.6% per year. If his goal is to average 8.6% per year with minimal risk, how much should he invest in each fund? Question content area bottom Part 1 Jake should invest $enter your response here in the money market fund that pays 6.4%. (Simplify your answer.) Part 2 Jake should invest $enter your response here in the mutual fund that averaged 19.6% per year. (Simplify your answer.)

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