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A mortgage company owns the following 10 mortgages. Investors will purchase packages of mortgages worth at least $1 million. What is the maximum number of such packages that can be created from this set of mortgages? 1 2 3 Mortgage 7 8 9 10 Amount (in $1,000s) $900 $860 $780 $525 $240 $185 $165 $164 $135 $125 a. Create a spreadsheet model for this problem, and use Solver's evolutionary algorithm to solve it. b. What is the optimal solution?

A mortgage company owns the following 10 mortgages. Investors will purchase packages of mortgages worth at least $1 million. What is the maximum number of such packages that can be created from this set of mortgages? 1 2 3 Mortgage 7 8 9 10 Amount (in $1,000s) $900 $860 $780 $525 $240 $185 $165 $164 $135 $125 a. Create a spreadsheet model for this problem, and use Solver's evolutionary algorithm to solve it. b. What is the optimal solution?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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A mortgage company owns the following 10 mortgages. Investors will purchase packages of mortgages worth at least $1 million. What is the maximum number of such packages that can be created from this set of mortgages? 1 2 3 Mortgage 7 8 10 Amount (in $1,000s) $900 $860 $780 $525 $240 $185 $165 $164 $135 $125 a. Create a spreadsheet model for this problem, and use Solver's evolutionary algorithm to solve it. b. What is the optimal solution?
Transcribed Image Text:A mortgage company owns the following 10 mortgages. Investors will purchase packages of mortgages worth at least $1 million. What is the maximum number of such packages that can be created from this set of mortgages? 1 2 3 Mortgage 7 8 10 Amount (in $1,000s) $900 $860 $780 $525 $240 $185 $165 $164 $135 $125 a. Create a spreadsheet model for this problem, and use Solver's evolutionary algorithm to solve it. b. What is the optimal solution?
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