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A pension fund manager decides to invest a total of $30 million in U.S. Treasury bonds paying 4% annual and in mutual funds paying 8%

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A pension fund manager decides to invest a total of $30 million in U.S. Treasury bonds paying 4% annual and in mutual funds paying 8% annual interest. He plans st at least S5 million in bonds and at least $10 million funds. Bonds have an initial fee of $100 per million hile the fee for mutual funds is $200 per million. The ond manager is allowed to spend no more than $5000 on fees. maximize annual 9. Finance at most in mutual funds. Bonds How much should be invested in each to ? What is the maximum annual interest

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