Multiple Choice
Solve the problem.
-A $64,000 trust is to be invested in bonds paying 6%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $4910
Annual income from the investments, how much should the bank invest in bonds?
A) $21,000
B) $32,000
C) $11,000
D) $9,000
Correct Answer:

Verified
Correct Answer:
Verified
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