An investor has $739,000 to invest in bonds. Bond A yields an average of 7% and the bond B yields 8%. The investor requires that at least 4 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x = dollars invested in bond A y = dollars invested in bond B Compute z+ y. Round to the nearest cent.
An investor has $739,000 to invest in bonds. Bond A yields an average of 7% and the bond B yields 8%. The investor requires that at least 4 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x = dollars invested in bond A y = dollars invested in bond B Compute z+ y. Round to the nearest cent.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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Round answer to the nearest cent thanks!
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