Question

A financial manger ha $14,000 to invet for her company. She plan to invet part of the money in

tax-free bond at 6% interet rate and the reminder in taxable bond at 9%. She want to earn $1005
per year in interet from the invetment. Find the amount he hould invet at each rate

Answer 1

she should charge $10 for interest or even more is she wants to make $1005 per year from investing