Explore a diverse range of topics and get answers from knowledgeable individuals on IDNLearn.com. Ask anything and receive prompt, well-informed answers from our community of experienced experts.

Sherry has 15,200 dollars to invest in mutual funds and in bonds. Sherry has selected a mutual fund that earns 1% a year and a bond that earns 4% a year. If she wants to earn 548 at the end of the first year, how much does she need to invest in each type of account?

Sagot :

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.