Join the growing community of curious minds on IDNLearn.com. Discover reliable and timely information on any topic from our network of experienced professionals.

A financial planner has a client with $17,000 to invest. If he invests $10,000 in a certificate of deposit paying 11% annual simple interest, at what rate does the remainder of the money need to be invested so that the two investments together yield at least $1660 in yearly interest? For the two investments to yield at least $1660 in yearly interest the remainder of the money needs to be invested at a rate of at least %.​

Sagot :

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.