Phyllis invested 750 dollars into two different accounts, a portion earning a yearly interest rate of 5 percent per year compounded monthly and the rest earning a rate of 6 percent per year compounded quarterly After 12 years the investments were worth $1469.99. How much money did she invest at each rate? At rate 5 percent : At rate 6 percent :

Phyllis invested 750 dollars into two different accounts, a portion earning a yearly interest rate of 5 percent per year compounded monthly and the rest earning a rate of 6 percent per year compounded quarterly After 12 years the investments were worth $1469.99. How much money did she invest at each rate? At rate 5 percent : At rate 6 percent :

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.4: Series And Their Notations

Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...

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