A father wants to invest $50,000 in order to earn $4000 per year to help pay for his daughter's college education.He places $30,000 in a savings account earning 5% per year.He wants to place the rest of his investment in a mutual fund.How much will the mutual fund have to earn for him to make his goal?

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The Answer of A father wants to invest $50,000 in order to earn $4000 per year to help pay for his daughter's college education.He places $30,000 in a savings account earning 5% per year.He wants to place the rest of his investment in a mutual fund.How much will the mutual fund have to earn for him to make his goal?

A Father Wants to Invest $50,000 in Order to Earn