Suppose you deposit part of $58,000 into a savings account that pays 3.55% interest. You then...
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Suppose you deposit part of $58,000 into a savings account that pays 3.55% interest. You then take the rest of the money and deposit it into a CD (certificate of deposit) that pays 2.4% interest. At the end of 9 years, the total value of both accounts is $72,929.2. How much was deposited into each account? Round to two decimal places. $ Number into savings $ Number into the CD Suppose you deposit part of $58,000 into a savings account that pays 3.55% interest. You then take the rest of the money and deposit it into a CD (certificate of deposit) that pays 2.4% interest. At the end of 9 years, the total value of both accounts is $72,929.2. How much was deposited into each account? Round to two decimal places. $ Number into savings $ Number into the CD
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Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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