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

question 84

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 $16,600, and risk factors make it prudent to invest some money in all three investments. If $30,000 is invested at 10%, how much will be invested at each of the other rates? ​

• A)$50,000 at 8%; $140,000 at 7%;
• B)$20,000 at 8%; $170,000 at 7%;
• C)$30,000 at 8%; $160,000 at 7%;
• D)$10,000 at 8%; $180,000 at 7%;
• E)$40,000 at 8%; $150,000 at 7%

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Definitions:

Blindness

A condition characterized by the lack of visual perception due to physiological or neurological factors.

Deafness

A condition of partial or total inability to hear, which can severely affect communication and may require adaptations such as sign language or cochlear implants.

Ultrasound

A medical imaging technique that uses high-frequency sound waves to create images of structures within the body.

Fetus's Head

The head part of a fetus, which is the developing stage of a vertebrate, especially a human, in the womb.