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Economics - Financial Markets
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OpenStudy (anonymous):
Mia wants to deposit $3,886 into savings accounts at three different banks: Bank of the US, 7/4 Bank, and Catch Bank. She will deposit three times as much into Bank of the US as 7/4 Bank because they offer a higher interest rate. She also expects the Catch Bank deposit to be 45% of the total of the other two deposits. How much will Mia deposit into the Catch Bank savings account?
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