A trust account client has $365,000 to be invested. The investment choices have current yields of 8%, 7%, and 10%. Suppose that the investment goal is to earn interest of $28,100. (a) Find a general description for the amounts invested at the three rates. (Let x = the amount invested at 8%, y = the amount invested at 7%, and z = the amount invested at 10%. Express your answer in terms of z.) (x, y, z) = (b) If $16,000 is invested at 10%, how much should be invested at each of the other rates? 8% $ 7% $ What if $32,000 is invested at 10%? 8% $ 7% $ (c) What is the minimum amount that should be invested at 7%? $ In this case how much should be invested at the other rates? 8% $ 10% $ (d) What is the maximum amount that should be invested at 7%? $ In this case how much should be invested at the other rates?

29. [-13.33 Points] DETAILS HARMATHAP12 3.3.062. A trust account client has $365,000 to be invested. The investment choices have current yields of 8%, 7%, and 10%. Suppose that the investment goal is to earn interest of $28,100. MY NOTES ASK YOUR TE (a) Find a general description for the amounts invested at the three rates. (Let x = the amount invested at 8%, y = the amount invested at 7%, and z = the amount invested at 10%. Express your answer in terms of z.) (x, y, z) = (b) If $16,000 is invested at 10%, how much should be invested at each of the other rates? 8% $ 7% $ What if $32,000 is invested at 10%? 8% S 7% $ (c) What is the minimum amount that should be invested at 7%? $ In this case how much should be invested at the other rates? 8% 10% $ $ (d) What is the maximum amount that should be invested at 7%? In this case how much should be invested at the other rates? 8% $ 10% $ Need Help? Submit Answer Read It Watch It