Multiple Choice
One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $145,400 to invest would like to have an income of $20,000 per year from her investments. How much should she invest at in the 18% rate fund?
A) $77,150
B) $68,250
C) $104,600
D) $83,680
E) $54,600
Correct Answer:
Verified
Correct Answer:
Verified
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