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Click on all options that are true for the word problem. Rufus Investment Club has $350,000 earmarked for investment in stocks. To arrive at an

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Click on all options that are true for the word problem. Rufus Investment Club has $350,000 earmarked for investment in stocks. To arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high-risk, medium-risk, and low-risk. Management estimates that high-risks stocks will have return rate of 16%; medium-risk stocks, 10%; and low-risk stocks, 5%. The members have decided that the investment in low-risk stocks should be equal to the sum of the investments in the stocks of the other two categories. Determine how much the club should invest in each type of stock if the investment goal is to have a return of $35,000 on the total investment. Assume that all the money available for investment is invested. 16z + 10y + 5z = 35, 000 cty - z=0 xty + z= 350, 000 0.16x + 0.1y + 0.05z = 350, 000 0.16x + 0.1y + 0.05z = 35, 000 = y +z O cty+ z = 35,000

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