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How much of all of their accounts will be insured by fdic

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Reference no: EM133007068

Fred and Wilma are married with two boys, Slate and Stone. They have the following accounts with the following balances at their local bank: 

Fred (individual account) $450,000.

Wilma (individual account) $175,000.

Fred & Wilma (joint account) $300,000.

Wilma & Slate (joint account) $100,000.

Problem 1: How much of all of their accounts will be insured by the FDIC?

Reference no: EM133007068

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