Question: A $ 9 8 , 0 0 0 trust is to be invested in bonds paying 9 % , CDs paying 5 % , and

A $98,000 trust is to be invested in bonds paying 9%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment must equal the mortgage investment. To earn a $8470 annual income from the investments, how much should the bank invest in bonds?

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