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 5%. The rest she wants to invest in AA bonds yielding 12% per year. How much should she
Invest in each to realize exactly $18,100 per year?

A) $120,000 at 5% and $60,000 at 12%
B) $130,000 at 5% and $50,000 at 12%
C) $140,000 at 12% and $40,000 at 5%
D) $130,000 at 12% and $50,000 at 5%