Solve the problem.A $90,000 trust is to be invested in bonds paying 8%, CDs paying 5%, and mortgages paying 9%. The bond and CD investment together must equal the mortgage investment. To earn a $7020 annual income from the investments, how much should the bank invest in bonds?
A. $24,000
B. $22,000
C. $45,000
D. $21,000
Answer: A
Mathematics
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A. A ? 50.78°, B ? 39.22°, c ? 33.53 B. A ? 39.22°, B ? 50.78°, c ? 33.53 C. A ? 32.31°, B ? 57.69°, c ? 33.53 D. A ? 57.69°, B ? 32.31°, c ? 33.53
Mathematics
Find a formula for the nth term of the arithmetic sequence whose first term a and common difference d are given.a = 2, d = 8
A. an = 8n - 6 B. an = 6n - 8 C. an = 8n - 3 D. an = 6n - 3
Mathematics
Use the LCD to simplify and solve.x -
x = 4
A. {40} B. {80} C. {-40} D. {-80}
Mathematics
Use the formula for the sum of the first n terms of an arithmetic sequence to find the indicated sum.
A. -7050 B. -7100 C. -6875 D. -7250
Mathematics