subject
Mathematics, 13.02.2021 01:00 Tyrant4life

A pension fund manager decides to invest a total of at most $40 million in U. S. Treasury bonds paying 6% annual interest and in mutual funds paying 8% annual interest. He plans to invest at least 5 million in bonds and at least $5 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 $7000 on fees. How much should be invested in each to modimile annual interest? What is the maimum 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

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 22:00
Billie holiday sells children's clothing for sara vaughn's toddler shop. baby blankets sell for $29.99 after a markup rate based on cost of 109%. find the cost and the markup.
Answers: 2
question
Mathematics, 21.06.2019 22:50
Which statement accurately describes how to perform a 90° clockwise rotation of point a (1,4) around the origin?
Answers: 2
question
Mathematics, 22.06.2019 00:10
Aof 12 , we to a of 4 to on a .of 4 be ?
Answers: 1
question
Mathematics, 22.06.2019 02:30
If wxyz is a square, which statements must be true? plz < 3
Answers: 1
You know the right answer?
A pension fund manager decides to invest a total of at most $40 million in U. S. Treasury bonds payi...
Questions
question
Mathematics, 18.05.2021 21:00
question
Mathematics, 18.05.2021 21:00