airtime
airtime
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He wants a 10% return, so clearly the CDs are not as good as the bonds, so they should be zero. The more he puts in the CDs, the more growth fund will be needed. Let x = the growth fund investment. Then 50000-x = the bond investment. We want 0…
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He wants a 10% return, so clearly the CDs are not as good as the bonds, so they should be zero. The more he puts in the CDs, the more growth fund will be needed. Let x = the growth fund investment. Then 50000-x = the bond investment. We want 0…