Ask Question
29 September, 04:31

Jackie wants to split his $12,000 investment between two compound interest accounts. He puts $4500 into an account paying 12 percent and the rest into an account paying 8%. If the money if left untouched, how much will he have (total of both accounts) after 18 years?

+1
Answers (1)
  1. 29 September, 04:35
    0
    A=p (1+r) ^t

    A=4,500 * (1+0.12) ^ (18) + 7,500 * (1+0.08) ^ (18)

    A=64,574.99
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jackie wants to split his $12,000 investment between two compound interest accounts. He puts $4500 into an account paying 12 percent and ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers