Solve the Problem. -A Retired Couple Has $160,000 to Invest to Obtain Annual

question 64

Multiple Choice

Solve the problem.
-A retired couple has $160,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 6%. The rest they want to invest in AA bonds yielding 11% per year. How much
Should they invest in each to realize exactly $15,600 per year?

• A) $130,000 at 11% and $30,000 at 6%
• B) $120,000 at 11% and $40,000 at 6%
• C) $120,000 at 6% and $40,000 at 11%
• D) $110,000 at 6% and $50,000 at 11%

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Definitions:

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.

Rods

The light-sensitive receptor cells in the retina that look like slender cylinders and allow the eye to respond to as few as five photons of light.

Cones

The light-sensitive receptor cells in the retina that enable humans to see color and fine detail in adequate light but do not function in very dim light.

Night Vision

The ability to see in low-light conditions, which varies significantly among different species and is enhanced by technological devices for humans.