An investor has 45000 to invest a relatively safe


An investor has $45,000 to invest. A relatively safe investment offers 3.5 % interest compounded quarterly. A more risky investment offers 5.4 % compounded monthly. The investor allocates $22,500 to each investment. How long will it take for his investment to grow to $56,250?

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Microeconomics: An investor has 45000 to invest a relatively safe
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