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:

Longitudinal Research

A study design that involves repeated observations of the same variables or groups over a period of time, often years or decades.

Romantic Qualities

Characteristics or attributes that are traditionally associated with romance, such as affection, compassion, and emotional intimacy.

Survey

A research method in which information is collected from a large number of people by interviews, written questionnaires, or some other means.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving making observations, forming a hypothesis, conducting experiments, and making conclusions.