Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)

14th Edition

ISBN: 9780134675985

Author: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen, Christopher J. Stocker

Publisher: PEARSON

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Chapter 5.3, Problem 55E

In Problems 49-64, construct a mathematical model in the form of a linear programming problem. (The answers in the back of the book for these application problems include the model.) Then solve by the geometric method.

Investment. An investor has $ 60 , 000 to invest in a CD and a mutual fund. The CD yields 5 % and the mutual fund yields an average of 9 % . The mutual fund requires a minimum investment of $ 10 , 000 , and the investor requires that at least twice as much should be invested in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the return? What is the maximum return?

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Chapter 5.3, Problem 54E

Chapter 5.3, Problem 56E

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Chapter 5 Solutions

Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)

Ch. 5.1 - In Step 2 of Example 1, 0,0 was used as a test...Ch. 5.1 - Graph 6x3y18.Ch. 5.1 - Graph (A) y4 (B) 4x9 (C) 3x2y Ch. 5.1 - Find the linear inequality whose graph is given in...Ch. 5.1 - A food vendor at a rock concert sells hot dogs for...Ch. 5.1 - For Problems 1-8, if necessary, review Section...Ch. 5.1 - For Problems 1-8, if necessary, review Section...Ch. 5.1 - For Problems 1-8, if necessary, review Section...Ch. 5.1 - For Problems 1-8, if necessary, review Section...Ch. 5.1 - For Problems 1-8, if necessary, review Section...

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