Cyndee wants to invest $50,o00. Her financial planner advises her to invest in three types of accounts: one paying 4%, one paying 5-%, and one paying 6% simple interest per year.Cyndee wants to put twice as much in the lowest-yielding, least-risky account as in the highest-yielding account. How much should she invest in each account to achieve a total annualreturn of $2450?

Answered: Cyndee wants to invest $50,000. Her…

Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of a Cyndee wants to put twice as much in the lowest-yielding, least-risky account as in the highes

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

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Question

Cyndee wants to invest $50,o00. Her financial planner advises her to invest in three types of accounts: one paying 4%, one paying 5-%, and one paying 6% simple interest per year.
Cyndee wants to put twice as much in the lowest-yielding, least-risky account as in the highest-yielding account. How much should she invest in each account to achieve a total annual
return of $2450?

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