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

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?