A pension fund manager decides to invest a total of at most $30 million in U S Treasury bonds paying 4% annual interest and in mutual funds paying 6% annual interest. He plans to invest at least $5 million in bonds and at least $10 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee fom mutual funds is $200 per million. The fund manager is allowed to spend no more than $5000 on fees How much shoukd be invested in each to maximize annual interest? What is the maximum annual interest? The amount that should be invested in Treasury bonds is $million and the amount that should be invested in mutual funds is $ million The maximum annual interest is
A pension fund manager decides to invest a total of at most $30 million in U S Treasury bonds paying 4% annual interest and in mutual funds paying 6% annual interest. He plans to invest at least $5 million in bonds and at least $10 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee fom mutual funds is $200 per million. The fund manager is allowed to spend no more than $5000 on fees How much shoukd be invested in each to maximize annual interest? What is the maximum annual interest? The amount that should be invested in Treasury bonds is $million and the amount that should be invested in mutual funds is $ million The maximum annual interest is
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A pension fund manager decides to invest a total of at most $30 million in U S Treasury bonds paying 4% annual interest and in mutual funds paying 6% annual
interest. He plans to invest at least $5 million in bonds and at least $10 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for
mutual funds is S200 per million. The fund manager is allowed to spend no more than $5000 on fees. How much should be invested in each to maximize annual
interest? What is the maximum annual interest?
The amount that should be invested in Treasury bonds is S milion and the amount that should be invested in mutual funds is Smillion
The maxmum annual interest is s
My
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