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Investor Dan has $822,000 to invest in bonds. Bond A yields an average of 9.5% and the bond B yields 8%. Dan requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? $ . Round to the nearest cent. appreciate the help thanksz!!!!@@@@@@

Investor Dan has $822,000 to invest in bonds. Bond A yields an average of 9.5% and the bond B yields 8%. Dan requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? $ . Round to the nearest cent. appreciate the help thanksz!!!!@@@@@@

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.5: Determinants
Problem 69E
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Investor Dan has $822,000 to invest in bonds.  Bond A yields an average of 9.5% and the bond B yields 8%.  Dan requires that at least 5 times as much money be invested in bond A as in bond B.  You must invest in these bonds to maximize his return.  How much should you invest in bond A?

$                       .  Round to the nearest cent.

appreciate the help thanksz!!!!@@@@@@

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