$791,000

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 27E
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Investor Matt has $791,000 to invest in bonds.  Bond A yields an average of 9.6% and the bond B yields 7.3%.  Matt 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.  What is the maximum return?

$                       per year.  Round to the nearest cent.

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