Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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e3

An investor has $661,000 to invest in bonds. Bond A
yields an average of 4% and the bond B yields 8%. The
investor requires that at least 4 times as much money be
invested in bond A as in bond B. You must invest in these
bonds to maximize his return. This can be set up as a linear
programming problem. Introduce the decision variables:
X
dollars invested in bond A
y = dollars invested in bond B
Computex + y.
$
Round to the nearest cent.
expand button
Transcribed Image Text:An investor has $661,000 to invest in bonds. Bond A yields an average of 4% and the bond B yields 8%. The investor requires that at least 4 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: X dollars invested in bond A y = dollars invested in bond B Computex + y. $ Round to the nearest cent.
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