Solve the problem.A $76,000 trust is to be invested in bonds paying 8%, CDs paying 7%, and mortgages paying 10%. The bond and CD investment must equal the mortgage investment. To earn a $6670 annual income from the investments, how much should the bank invest in bonds?
A. $21,000
B. $17,000
C. $19,000
D. $38,000
Answer: A
Mathematics
You might also like to view...
Find the acceleration of an object for which the displacement s (in m) is given as a function of the time t (in s) for the given value of t.s = , t = 1 s
A. - ft/s2
B. - ft/s2
C. ft/s2
D. ft/s2
Mathematics
Find the exponential function that satisfies the given conditions.Initial value = 35, increasing at a rate of 10% per year
A. f(t) = 35 ? 10t B. f(t) = 35 ? 1.1t C. f(t) = 35 ? 0.1t D. f(t) = 10 ? 1.1t
Mathematics
Decompose into partial fractions.
A. +
B. -
C. -
D. -
Mathematics
The given pattern continues. Write down the nth term of the sequence {an} suggested by the pattern.,
,
,
, ...
A. an =
B. n(n + 3)
C. an =
D. an =
Mathematics