Question

One safe investment pays 10% per year, and a more risky investment pays 13% per year.

a. How much must be invested in each account if an investor of $96,000 would like a return of $10,380 per year?
b. Why might the investor use two accounts rather than put all the money in the 13% investment?

Answer 1

Answer: 9,600 for the 10% account 10,500 for the 13% why they wouldn't want to put it in the same account is because risky investment for the 13

Explanation: