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
You might also like to view...
Find the function value.For f(x) = -|x - 2|, find f(-4).
A. -4 B. 6 C. 2 D. -6
Mathematics
Choose a variable name for the given quantity. Give two numbers that the variable can represent and two numbers that it cannot represent.The annual salary (in thousands of dollars) of a college graduate
What will be an ideal response?
Mathematics
Multiply, then simplify the product. Assume that all variables represent positive real numbers.(
+
)
A.
B. +
C. 17 +
D. 51
Mathematics
Solve the problem.If a single fair die is rolled, find the probability of a 5 given that the number rolled is odd.
A.
B.
C.
D.
Mathematics