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  3. justice just retired, and has $790,000 to invest.

Justice just retired, and has $790,000 to invest. A very safe Certificate of Deposit (CD)...

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Basic Math

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Justice just retired, and has $790,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bond fund pays 5.5% in interest. Justice figures he needs $28,000 a year in interest to live on. How much should he invest in each account to make enough interest while minimizing his risk?at 2.5%at 5.5%

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