miahnowicki8699 miahnowicki8699
  • 13-08-2024
  • Business
Answered

A $250,000 trust is to be invested in bonds paying 4.5%, CDs paying 5.1%, and Blue Chip Stock funds paying 11%. The bond and CD investment together must equal the stock investment. To earn a $20,000 annual income from the investments, how much should the bank invest in each investment type?



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