An Accountant Has Money in Three Accounts That Pay 6

question 176

Essay

An accountant has money in three accounts that pay 6%, 10%, and 12% in annual interest. He has twice as much invested at 6% as he does at 10% and three times as much invested at 12% as he does at 10%. If the total interest from the three accounts if $232 for the year, how much is invested at each rate? ( Hint : Let = the amount invested at 10%.)$ __________ invested at 6% $ __________ invested at 10% $ __________ invested at 12%

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Definitions:

Project

A temporary endeavor undertaken to create a unique product, service, or result with specific objectives and defined beginning and end.

MIRR

Modified Internal Rate of Return, a financial measure used to evaluate the attractiveness of investments, adjusting for the cost of capital and reinvestment of cash.

IRR

Stands for Internal Rate of Return, which is a financial metric used to estimate the profitability of potential investments.

WACC

The Weighted Average Cost of Capital is a method of determining a corporation's cost of capital, with each capital category being weighted in accordance with its relative proportion.