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  3. an account executive deposited 48000 into two simple interest accounts...

Question: an account executive deposited 48000 into two simple interest accounts...

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An account executive deposited $48,000 into two simple interest accounts. On the tax-free account the annual simple interest rate is 2,5% and on the m ney maket fund the ar simple interest rate is s.5%. How much should be invested in each account so that both accounts earn the same annual interest? tax free account money market ual
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