Question:
You inherit one million dollars. You invest it all in three
Last updated: 7/9/2022
You inherit one million dollars. You invest it all in three accounts for one year. The first account pays 4% compounded annually, the second account pays 5% compounded annually, and the third account pays 3 % compounded annually. After one year, you earn $44000 in interest. If you invest four times the money into the account that pays 4 % compared to 3%, how much did you invest in each account?