An investment adviser has two mutual funds that she is recommending: a conservative bond fund with an assumed return of 3% a year and a stock fund with a projected return of 11% a year. One client has $29000 to invest and wishes a return of 4% per year, and a second client has $34000 to invest and wants a 8% annual return. How should the adviser allocate the money of each client between the bond fund and the stock fund?
The only thing I can't figure out is how to get this into 2 equations (ex: x+y = 5 form) to form a matrix so I can find the inverse. The rest I can do. Thanks.