Solve the problem.A $178,000 trust is to be invested in bonds paying 7%, CDs paying 6%, and mortgages paying 9%. The bond and CD investment together must equal the mortgage investment. To earn a $13,750 annual income from the investments, how much should the bank invest in bonds?
A. $40,000
B. $38,000
C. $49,000
D. $89,000
Answer: A
Mathematics
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