Solve the Problem. -Jancie Has $180,000 to Invest to Obtain Annual Income. She

Multiple Choice

Solve the problem.
-Jancie has $180,000 to invest to obtain annual income. She wants some of it invested in safe Certificates of Deposit yielding 7%. The rest she wants to invest in AA bonds yielding 11% per year. How much should she
Invest in each to realize exactly $17,400 per year?

A) $120,000 at 7% and $60,000 at 11%
B) $120,000 at 11% and $60,000 at 7%
C) $110,000 at 7% and $70,000 at 11%
D) $130,000 at 11% and $50,000 at 7%