Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 5%, one paying  7 1 2%,  and one paying 8% 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 $3255? least-risky      $  intermediate      $  highest-yielding      $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.4: Solve Systems Of Equations With Three Variables
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Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 5%, one paying 

7
1
2
%,

 and one paying 8% 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 $3255?

least-risky     
intermediate     
highest-yielding     

 

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