document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=724216>Question 724216</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing money in two funds: Fund A pays 4.1% annually and Fund B pays 6.6% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of $15000?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #443649 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=443649\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .066X+.041(750,000-X)=15,000<BR>\n" );
document.write( ".066X+30,750-.041X=15,000<BR>\n" );
document.write( ".025X=15,000-30,750<BR>\n" );
document.write( ".025X=-15,750<BR>\n" );
document.write( "X=-15,750/.025<BR>\n" );
document.write( "X=-630,000 <BR>\n" );
document.write( "SOMETHING IS WRONG WITH THIS DATA.<BR>\n" );
document.write( "INVESTING ALL THE MONEY @ THE LOWEST RATE (4.1%) YIELDS:<BR>\n" );
document.write( ".041*750,000=$30,750 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );