Emiann222
Emiann222
15.12.2021 • 
Mathematics

Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 4%, one paying 5.5%, and one paying 7% 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 $2585?

Solved
Show answers

Ask an AI advisor a question