An Investor Has $45000 to Invest in Three Types of Accounts

question 157

Multiple Choice

An investor has $45000 to invest in three types of accounts. Account A pays 4% annually Account B pays 6% and Account C pays 8%. The investor wishes to have a total return of $3000 on the investment with equal amounts invested in Account B and Account C. How much should be invested in each type of account to satisfy the investor's wishes? Round to the nearest hundredth.

• A) Account A = $15000 Account B = $15000 Account C = $15000
• B) Account A = $25000 Account B = $1000 Account C = $10000
• C) Account A = $5000 Account B = $20000 Account C = $20000
• D) There are infinitely many solutions
• E) No solution

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Definitions:

Common Fate

A gestalt principle that states elements moving in the same direction are perceived as a collective or unit.

Retina

A layer of visual receptor cells at the rear of the eyeball.

Visual Search Tasks

Visual search tasks are experiments or tasks in which individuals are asked to locate a specific item or feature among a set of distractors, used to study attention, perception, and cognitive processes.

Treisman And Gelade

Researchers known for their work on the Feature Integration Theory of attention.