Solve.
-A $170,000 trust is to be invested in bonds paying 7%, CDs paying 6%, and mortgages paying 9%. The sum of the bond and CD investment must equal the mortgage investment. To earn an $13,200 annual income from the Investments, how much should the bank invest in bonds?
A) $43,000
B) $40,000
C) $85,000
D) $45,000
Correct Answer:
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