An investor has a total of $12,400 to deposit into two simple interest accounts. Account A has a simple interest rate of 8%. Account B has a simple inte much should be invested into each account so that the total annual interest earned by the end of the first year is $1,092? account A $ account B S Tutorial

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A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

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Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

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Q: Jose has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35% compunded…

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A: Given data:   The given amount is P=$15000. The given interest rate is r=6.08%. The given time from…

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Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

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Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. How…

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