Solution-Three types of accounts, Cyndee wants to invest

Three types of accounts

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Reference no: EM131257833

Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 3%, one paying 5 12 %, and one paying 9% 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 $2540?

Reference no: EM131257833

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Three types of accounts : Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 3%, one paying 5 12 %, and one paying 9% simple interest per year. Cyndee wants to put twice as much in the lowest-yielding, least-r..

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Three types of accounts

Reference no: EM131257833

Reference no: EM131257833

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