Solve the problem.A $94,000 trust is to be invested in bonds paying 6%, CDs paying 5%, and mortgages paying 8%. The bond and CD investment must equal the mortgage investment. To earn an $6420 annual income from the investments, how much should the bank invest in bonds?

A. $29,000
B. $16,000
C. $47,000
D. $31,000


Answer: D

Mathematics

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