Question

A pension fund manager decides to invest a total of at most $25 million in U.S. Treasury bonds paying 6% annual interest and in mutual funds paying 9% annual interest. He plans to invest at least $5 milion 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 $200 per million. The fund manager is allowed to spend no more than $4000 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 $ million and the amount that should be invested in mutual funds is $ million Enter your answer in the edit fields and then click Check Answer ? > part remaining Clear All Check Answer

Answer 1

NOTE:AS PER THE HOMEWORKLIB RULES OUT OF (4) QUESTIONS WE HAVE TO SOLVE I ST QUESTION BUT IN ORDER TO BENEFIT THE STUDENT FROM MY END I SOLVED 2 QUESTIONS

1)

2)

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