Solve the problem. A $98,000 trust is to be invested in bonds paying 7%, CDs paying...
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Solve the problem. A $98,000 trust is to be invested in bonds paying 7%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $7550 annual income from the investments, how much should the bank invest in bonds? $ 8,000 $ 49,000 $ 10,000 $ 39,000 Solve the problem. A grain dealer sold to one customer 2 bushels of wheat, 9 of corn, and 7 of rye, for $73.30; to another, 9 of wheat, 7 of corn, and 2 of rye, for $69.00; and to a third, 7 of wheat, 2 of corn, and 9 of rye, for $71.90. What was the price per bushel for corn? $ 3.60 $ 4.10 $4.30 $4.00 Solve the problem. A $98,000 trust is to be invested in bonds paying 7%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $7550 annual income from the investments, how much should the bank invest in bonds? $ 8,000 $ 49,000 $ 10,000 $ 39,000 Solve the problem. A grain dealer sold to one customer 2 bushels of wheat, 9 of corn, and 7 of rye, for $73.30; to another, 9 of wheat, 7 of corn, and 2 of rye, for $69.00; and to a third, 7 of wheat, 2 of corn, and 9 of rye, for $71.90. What was the price per bushel for corn? $ 3.60 $ 4.10 $4.30 $4.00
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
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