You have 5000 dollars to begin. Your goal is to earn as much interest as you can in a ten year span.?

You must invest money in account 1 (compounded quartely, minimum deposit 500 dollars, interest rate 4.8%. Account 2 (compounded monthly, minimum deposit 1000, interest rate 4.3%. Account 3 (compounded quartely, minimum deposit 2000 dollars, interest rate 5.7%. At 3 different times of the ten year span you must withdraw money to make significant purchases.|||Account 1: 4.8% APY, 4.89% Annual Yield


Account 2: 4.3% APY, 4.39% Annual Yield


Account 3: 5.7% APY, 5.82% Annual Yield





Since Account 2 offers the lowest yield, you should put as little money as you can into that account, which would be $1,000. Account 3 offers the highest yield, so you would put in as much as you could while having enough to put into Account 1, this would be $3,500. Account 1 would have $500. When you withdraw money, Account 2 would be taken from first, followed by Account 1, then Account 3.