A Retired Couple Has $\$ 130,000$ To Invest to Obtain Annual Income

Multiple Choice

A retired couple has $\$ 130,000$ to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 6\%. The rest they want to invest in AA bonds yielding $11 \%$ per year. How much should they invest in each to realize exactly $\$ 11,800$ per year?

A) $\$ 90,000$ at $11 \%$ and $\$ 40,000$ at $6 \%$
B) $\$ 80,000$ at $11 \%$ and $\$ 50,000$ at $6 \%$
C) $\$ 80,000$ at $6 \%$ and $\$ 50,000$ at $11 \%$
D) $\$ 70,000$ at $6 \%$ and $\$ 60,000$ at $11 \%$