Kevin is an auto mechan. He spends 3 hours when he replaces the shocks on a...
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...