A Trust Account Manager Has $300,000 to Be Invested in Three

question 55

Multiple Choice

A trust account manager has $300,000 to be invested in three different accounts. The accounts pay 5%, 6%, and 8%, and the goal is to earn $18,000. Assuming that x dollars are invested at 5%, y dollars are invested at 6%, and
Z dollars are invested at 8%, find x in terms of z.

• A) \(x = 2 z\)
• B) \(x = z\)
• C) \(x = 100,000 + z\)
• D) \(x = 300,000 - 3 z\)

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Definitions:

Investment Banker

A professional who works in a financial services company or division that specializes in raising capital for companies, governments, or other entities.

Initial Margin

The upfront payment required when opening a position in the futures market, serving as a guarantee for future contract fulfillment.

Primary Market

The market in which new issues of securities are offered to the public.