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Adirondack Savings Bank ( ASB ) has $ 1 million in new funds that must be allocated to home loans, personal loans, and automobile loans.
Adirondack Savings Bank ASB has $ million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of loans are for home loans, for personal loans, and for automobile loans. The banks planning committee has decided that at least of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed of the amount allocated to automobile loans.
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