Multiple Choice
Solve the problem.
-A $152,000 trust is to be invested in bonds paying 9%, CDs paying 7%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $13,660 annual income from the
Investments, how much should the bank invest in bonds?
A) $35,000
B) $37,000
C) $39,000
D) $76,000
Correct Answer:
Verified
Correct Answer:
Verified
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