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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Question
Sandra has at most $150,000 to invest in stocks, bonds, and money market funds. She expects annual yields of 15%, 10%, and 8%, respectively, on these investments. If Sandra wants at least $37,500 to be invested in money market funds and requires that the amount invested in bonds be greater than or equal to the sum of her investments in stocks and money market funds, determine how much she should invest in each vehicle to maximize the return on her investments.
| stocks | $ | |
| bonds | $ | |
| money market funds | $ |
What is the maximum return?
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