Question: A $ 1 0 6 , 0 0 0 trust is to be invested in bonds paying 9 % , CDs paying 6 % ,

A $106,000 trust is to be invested in bonds paying 9%, CDs paying 6%, and mortgages paying 10%. The bond and CD investment must equal the mortgage investment. To earn an $9500 annual income from the investments, how much should the bank invest in bonds?
a. $34,000
b. $32,000
c. $53,000
d. $19,000
A $106,000 trust is to be invested in bonds paying 9%,

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