Solve the problem.A $170,000 trust is to be invested in bonds paying 7%, CDs paying 5%, and mortgages paying 9%. The bond and CD investment together must equal the mortgage investment. To earn a $12,720 annual income from the investments, how much should the bank invest in bonds?
A. $44,000
B. $41,000
C. $39,000
D. $85,000
Answer: B
Mathematics
You might also like to view...
Evaluate the expression according to the replacement value given.(15 - p) ÷ (t + 2); replace p with 3 and t with 1.
A. 7 B. 15 C. 3 D. 4
Mathematics
Solve the problem.An economist predicts that the buying power B(x) of a dollar x years from now will decrease according to the formula B(x) = 0.61x. How much will today's dollar be worth in 7 years? Round the answer to the nearest cent.
A. $0.03 B. $4.27 C. $3.28 D. $0.71
Mathematics
Find the vertical asymptotes of the rational function.h(x) =
A. x = 4, x = -3 B. x = -2, x = 2, x = -3 C. x = -2, x = 2 D. x = 0, x = 4
Mathematics
If f(x) = x2 - 9 and g(x) = x2 - 16, find g(f(x)).
A. ((x2 - 9)2 - 16)(2x) B. (x2 - 9)2 - 16 C. 4x3 - 50x2 D. 4x3 - 36x
Mathematics