Betty plans to invest a total of $15,000 in mutual funds, certificates of deposit (CDs), and a high-yield savings account. Because of the risk involved in mutual funds, she wants to invest no more in mutual funds than the sum of her CDs and savings. She also wants the amount in savings to be at least half the amount in CDs. Her expected returns are 11% on the mutual funds, 9% on the CDs and 4% on savings. How much money should Betty invest in each area in order to have the largest return on her investments? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. Betty should invest S in mutual funds, (Simplify your answers.) in certificates of deposit, and S in a high-yield savings account. O B. The problem is unbounded. OC. The problem is infeasible.

Betty plans to invest a total of $15,000 in mutual funds, certificates of deposit (CDs), and a high-yield savings account. Because of the risk involved in mutual funds, she wants to invest no more in mutual funds than the sum of her CDs and savings. She also wants the amount in savings to be at least half the amount in CDs. Her expected returns are 11% on the mutual funds, 9% on the CDs and 4% on savings. How much money should Betty invest in each area in order to have the largest return on her investments? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. Betty should invest S in mutual funds, (Simplify your answers.) in certificates of deposit, and S in a high-yield savings account. O B. The problem is unbounded. OC. The problem is infeasible.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section: Chapter Questions

Problem 45P

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