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A $134,000\$ 134,000 Trust Is to Be Invested in Bonds Paying 7%7 \%

Question 104

Multiple Choice

A $134,000\$ 134,000 trust is to be invested in bonds paying 7%7 \% , CDs paying 6%6 \% , and mortgages paying 10%10 \% . The bond and CD investment together must equal the mortgage investment. To earn a $11,130\$ 11,130 annual income from the investments, how much should the bank invest in bonds?


A) $41,000\$ 41,000
B) $26,000\$ 26,000
C) $39,000\$ 39,000
D) $67,000\$ 67,000

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