Question
Question 9 Last year, Kevin deposited$7000into an account that paid3%interest per year and$9000into an account that paid11%interest per year. No withdrawals were made from the
Question 9
Last year, Kevin deposited$7000into an account that paid3%interest per year and$9000into an account that paid11%interest per year.
No withdrawals were made from the accounts.
A, What was the total interest earned at the end of1
year?
B, What was the percent interest for the total deposited?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
