Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of...
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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 71%, 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 $3165? least-risky intermediate $ highest-yielding $ Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 5%, one paying 71%, 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 $3165? least-risky intermediate $ highest-yielding $
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