Problem

Investment Income. A university invests $1,400,000 at simple interest, part at 5%, half th...

Investment Income. A university invests $1,400,000 at simple interest, part at 5%, half that amount at 3.5%, and the rest at 5.5%. What is the most that the university can invest at 3.5% and be guaranteed at least $68,000 in interest per year?

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