Arjun just retired, and has $730,000 to invest. A very safe Certificate of Deposit (CD) account pays 1.5%,
while a riskier bond fund pays 6% in interest. Arjun figures he needs $33,000 a year in interest to live on.
How much should he invest in each account to make enough interest while minimizing his risk?
$
at 1.5%
at 6%
Round answers to the nearest dollar.
Please help
