Assignment:
You have $500,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing this money in two funds: Fund A pays 5.2% annually and Fund B pays 7.7% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of $34,000?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.