A)-21 B)-27 D)-5 ve the linear programming problem. 12) Zach is planning to inve

Question

A)-21 B)-27 D)-5 ve the linear programming problem. 12) Zach is planning to invest up to $40,000 in corporate and municipal bonds. The least he will in in corporate bonds is $9000 and he does not want to invest gmore than $29,000 in He also does not want to invest more than $29,731 in municipal bonds. The in corporate bonds and 65% on municipal bonds. This is simple interest for one maximum income? erest is 8% on year. What is the 0.08x + 0.065 y = 4ppoo A) $14,035 B) $32,035 C) $19,605 D) $3035

Explanation / Answer

Total $40000

Corporate bonds,8%

Min = $9000 ,Max =$29000

Municipal bonds ,6.5%

max = $29731

As the ret of interest is higher in corporate bonds he shuld invest the maximum in them i.e. $29000

Rest $11000 can be invested in municipal bonds

Max income is 1.08*29000+1.065*11000 = $43035

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.