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- You inherit one million dollars. You invest it all in three accounts for one year. The first account pays 3% compounded annually, the second account pays 4% compounded annually, and the third account pays 2% compounded annually. After one year, you earn $34,000 in interest. If you invest four times the money into the account that pays 3% compared to 2%, how much did you invest in each account?arrow_forwardKaj invests money in an account paying a simple interest of 1.2% per year. If she invests $90 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?arrow_forwardEthan has $60,000 to invest. He puts part of the money in a CDthat earns 3% simple interest per year and the rest in a mutualfund that earns 8% simple interest per year. How much did heinvest in each if his earned interest the first year was $3700?arrow_forward
- Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you set aside from your paycheck each week?arrow_forward2% of what salary is $169arrow_forwardThe value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000. At the beginning of the 8th year, the bracelet is worth $arrow_forward
- if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.arrow_forwardDaniella's gross monthly earnings are based on commission rates of 4% on the first $40,000 of sales, 5% on the next $50,000, and 6% on all additional sales for the month.What is her sales total for a month in which she earns $5350? (Round your answer to the nearest cent.) Total sales for the month $ = Not 1701arrow_forward
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