Calculus Homework Help

Calculus Homework Help Question

Q uestion


Description: you want to invest $425,000 to supplement your retirement income. You wish to draw $30,000 a year in interest. You will split your investment among 3 investments: 60,000 will corporate bonds earning an average interest of 3%, the remaining investment will split between stock and mutual fund and a real estate investment trust. The stock mutual fund has return 11% and the real estate investment trust has an average of 5.5%. How much should you invest if you wish to have $30,000 per year income?

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