A Trust Account Manager Has $220,000 to Be Invested

question 129

Multiple Choice

A trust account manager has $220,000 to be invested. The investment choices have current yields of 8%, 7%, and 10%. Suppose that the investment goal is to earn interest of $16,300, and risk factors make it prudent to invest some money in all three investments. Let x denote the amount invested at 8 %, y denote the amount invested at 7%, and z denote the amount invested at 10%. Find a general description for the amounts invested at the three rates. ​

• A) , With
• B) , With
• C) , With
• D) , With
• E) , With

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