A woman has $90,000 to invest in two mutual funds. One fund is low-risk and has an annual yield of 10%. The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if she would like to earn $10,000 per year from her investments?
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Step 1: Let X be the amount invested in the low-risk fund, so the amount invested in the medium-risk fund would be $90,000 - X. Show more…
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