Solve the problem.
-A $64,000 trust is to be invested in bonds paying 6%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $4910
Annual income from the investments, how much should the bank invest in bonds?
A) $21,000
B) $32,000
C) $11,000
D) $9,000

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-A $64,000 trust is to be invested in bonds paying 6%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $4910
Annual income from the investments, how much should the bank invest in bonds?
A) $21,000
B) $32,000
C) $11,000
D) $9,000

Solve the Problem. -A $64,000 Trust Is to Be Invested in Bonds Paying