Multiple Choice
Solve.
-A $136,000 trust is to be invested in bonds paying 8%, CDs paying 6%, and mortgages paying 9%. The sum of the bond and CD investment must equal the mortgage investment. To earn an $10,560 annual income from the
Investments, how much should the bank invest in bonds?
A) $68,000
B) $50,000
C) $16,000
D) $18,000
Correct Answer:
Verified
Correct Answer:
Verified
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