First account: $6500
Second account: $8500
Set x is amount of money in first account
=> x + 2000 is money in second account.
X*3% + (x+2000)*4% = 535
=> x = (53500 - 8000) / 7
X = 45500 / 7 = 6500
=> account #1 = x = 6500
Acc #2 = x + 2000 = 6500 + 2000 = 8500
Answer:1,587,301.587 final
48,941 per month
Answer:
12 cents
Step-by-step explanation:
opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
by loaning matt the money he forgoes the opportunity to earn 12 cents in interest. this is his opportunity cost
