An investor has $300,000 to invest, part at 12% and the remainder in a less risky investment at 7%. If the investment goal is to have an annual income of $27,000, how much should be put in each investment? COMPLETE: Note: your second equation uses $27,000 as is. There is no percentage of the total to calculate as in Problem 1.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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All four quantities are required to answer the question: $200,000 invested at 6.6%
COMPLETE:
An investor has $300,000 to invest, part at 12% and the remainder in a less risky investment at 7%. If the
investment goal is to have an annual income of $27,000, how much should be put in each investment?
Note: your second equation uses $27,000 as is. There is no percentage of the total to calculate as in Problem 1.
2606
d) $22000
at
$14000
Transcribed Image Text:All four quantities are required to answer the question: $200,000 invested at 6.6% COMPLETE: An investor has $300,000 to invest, part at 12% and the remainder in a less risky investment at 7%. If the investment goal is to have an annual income of $27,000, how much should be put in each investment? Note: your second equation uses $27,000 as is. There is no percentage of the total to calculate as in Problem 1. 2606 d) $22000 at $14000
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