A $74,000 Trust Is to Be Invested in Bonds Paying

question 42

Multiple Choice

A $74,000 trust is to be invested in bonds paying 8%, CDs paying 5%, and mortgages paying 9%. The bond and CD investment together must equal the mortgage investment. To earn a $5930 annual income from the
Investments, how much should the bank invest in bonds?

• A) $25,000
• B) $37,000
• C) $12,000
• D) $23,000

---

Definitions:

Asthma Development

The process by which individuals acquire asthma, a chronic lung disease that inflames and narrows the airways.

Immune System

The body's defense system comprising organs, tissues, cells, and proteins that work together to fight off pathogens and foreign substances.

Bacteria

Microscopic, single-celled organisms found in diverse environments, some of which can cause diseases while others are beneficial for processes such as fermentation or digestion.

Viruses

Microscopic infectious agents that can reproduce only inside the living cells of an organism and are capable of causing diseases.