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2nd part of the question: What is the maximum annual interest is $_,___,___ ? Homework: Section 3.3 Save Score: 0 of 1 pt 4 of
2nd part of the question: What is the maximum annual interest is $_,___,___ ?
Homework: Section 3.3 Save Score: 0 of 1 pt 4 of 9 (4 complete) HW Score: 29.63%, 2.67 of 9 pts X) Bus Econ 3.3.9 Question Help A pension fund manager decides to invest a total of at most $35 million in U.S. Treasury bonds paying 5% annual interest and in mutual funds paying 9% annual interest. He plans to invest at least $5 million in bonds and at least $20 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 $6000 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
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