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Investing in four accounts |
2009-08-29 |
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From Kenneth: Hello:
An investor wants to divide $1000.00 into four amounts or accounts -- one account earning 2%, the second account earning 5%, the third earning 9%, and the fourth earning 12%. He wants the overall total return to equal 5%.
What are some of the monetary amounts that can be invested into these four accounts to earn him the 5% total return, 5% of $1,000.00? Answered by Penny Nom. |
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