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A simple way to amortize a loan is to have the borrower pay the interest each period plus some fixed amount. This approach is common
A simple way to amortize a loan is to have the borrower pay the interest each period plus some fixed amount. This approach is common with term business loans.Classic New Orleans desserts include pralines, pecan pie and Bananas Foster. A recipe for a dozen pralines takes a cup of pecans, two cups of brown sugar, a cup of granulated sugar, a half teaspoon of vanilla and a tablespoon of rum. A pecan pie takes two cups of pecans, a cup of brown sugar, a cup of cane syrup, a cup of granulated sugar, a teaspoon of vanilla, and a tablespoon of rum. A recipe for Bananas Foster requires a cup of pecans, a cup of brown sugar, a cup of granulated sugar, a banana, and a tablespoon of rum. Your pantry has on hand cups of pecans, cups of brown sugar, cups of cane syrup, cups of granulated sugar, teaspoons of vanilla, twelve bananas, and tablespoons of rum. We want to maximize profit. The objective coefficient represents profit for each.
How many decision variables are there?
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