Solve the Problem. -A Retired Couple Has $170,000 to Invest to Obtain Annual

question 187

Multiple Choice

Solve the problem.
-A retired couple has $170,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds yielding 11% per year. How much
Should they invest in each to realize exactly $16,300 per year?

• A) $120,000 at 5% and $70,000 at 12%
• B) $130,000 at 5% and $60,000 at 12%
• C) $130,000 at 12% and $60,000 at 5%
• D) $140,000 at 12% and $50,000 at 5%

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Definitions:

Crossing-Over

A process in which genetic material (DNA) is exchanged between paired, homologous chromosomes.

Haploid Gamete

A reproductive cell, such as a sperm or egg, that contains a single set of chromosomes and thus only one allele for genetic traits.

Prophase I

The first phase of meiosis I, where chromosomes condense, pair up, and exchange segments in a process called crossing-over.

Tetrads

Groups of four chromatids formed by the pairing of two homologous chromosomes during meiosis.