Answered

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Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 3%, one
paying 5%, and one paying 6% 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
$2120?
least-risky
intermediate
highest-yielding

Sagot :

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