Solve the problem.A retired couple has $130,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds yielding 12% per year. How much should they invest in each to realize exactly $12,100 per year?

A. $80,000 at 12% and $50,000 at 5%
B. $90,000 at 12% and $40,000 at 5%
C. $80,000 at 5% and $50,000 at 12%
D. $70,000 at 5% and $60,000 at 12%


Answer: A

Mathematics

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A.

B.

C.

D.

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