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A Money Manager Invests $1,000,000\$ 1,000,000 Of Her Client's Money into Three Types of Funds

Question 40

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A money manager invests $1,000,000\$ 1,000,000 of her client's money into three types of funds. It's estimated that Fund A will return 2%2 \% over the next year, Fund B 5%5 \% , and Fund C 11%11 \% . She decides to invest equal amounts in Fund A and Fund B and her client hopes to get a $45,500\$ 45,500 annual return. How much should she invest at each rate?

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