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Solve the Problem. -A $110,000 Trust Is to Be Invested in Bonds Paying

Question 52

Multiple Choice

Solve the problem.
-A $110,000 trust is to be invested in bonds paying 8%, CDs paying 6%, and mortgages paying 10%. The bond and CD investment must equal the mortgage investment. To earn an $9160 annual income from the
Investments, how much should the bank invest in bonds?


A) $16,000
B) $55,000
C) $18,000
D) $37,000

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