Multiple Choice
A trust account manager has $220,000 to be invested. The investment choices have current yields of 8%, 7%, and 10%. Suppose that the investment goal is to earn interest of $16,300, and risk factors make it prudent to invest some money in all three investments. Let x denote the amount invested at 8 %, y denote the amount invested at 7%, and z denote the amount invested at 10%. Find a general description for the amounts invested at the three rates.
A)
,
With
B)
,
With
C)
,
With
D)
,
With
E)
,
With
Correct Answer:

Verified
Correct Answer:
Verified
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