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A mortgage company owns the following 20 mortgages. Investors will purchase packages of mortgages worth at least $1 million. - Build an Excel model and
A mortgage company owns the following 20 mortgages. Investors will purchase packages of mortgages worth at least $1 million.
- Build an Excel model and use Solver to find what is the maximum number of such packages that can be created from this set of mortgages.
- Document the math formula for the designed model.
- Explain if your solution is optimal.
Mortgage #: Amount (in $1000s)
1: $900
2: $860
3: $830
4: $780
5: $720
6: $650
7: $600
8: $525
9: $500
10: $450
11: $430
12: $360
13: $300
14: $250
15: $240
16: $185
17: $165
18: $164
19: $135
20: $125
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