Solve the problem.A retired couple has $160,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 6%. The rest they want to invest in AA bonds yielding 11% per year. How much should they invest in each to realize exactly $15,100 per year?
A. $120,000 at 11% and $40,000 at 6%
B. $110,000 at 11% and $50,000 at 6%
C. $110,000 at 6% and $50,000 at 11%
D. $100,000 at 6% and $60,000 at 11%
Answer: B
Mathematics
You might also like to view...
Tell whether the statement is true or false.Every irrational number is an integer.
A. True B. False
Mathematics
Multiply and simplify. ?
A. 1
B.
C. -1
D. 0
Mathematics
Consider only the discriminant, b2 - 4ac, to determine whether one real-number solution, two different real-number solutions, or two different imaginary-number solutions exist.16x2 - 8x + 1 = 0
A. Two different imaginary-number solutions B. Two different real-number solutions C. One real solution
Mathematics
Write the decimal point in the correct location. 83.83 × 6.0 = 502980
A. 50.2980 B. 502,980. C. 502.980 D. 5029.80
Mathematics