One disadvantage of mutual fund investing is that mutual funds are not tailored to the specific investment needs or tax status of individual shareholders.
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For an algebraic solution, consider separately the investment earning 6% and the investment earning 4%. Calculate the future value of each then sum the results to find the accumulated
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(x)16 + (8800x)14=1326. x*16+123214*x=1326.02*x+1232=1326.02*x=94. x=4700. This reads as x= the amount of money invested at 16% and (8800x) is the amount invested at 14% So to
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