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An international graduate student will receive a $ 2 8 , 0 0 0 foundation scholarship and reduced tuition. She must pay $ 1 ,
An international graduate student will receive a
$ foundation scholarship and reduced tuition.
She must pay $ in tuition for each of the
autumn, winter, and spring quarters and $ in the
summer. Payments are due on the first day of Septem
ber, December, March, and May, respectively. Living
expenses are estimated to be $ per month, pay
able on the first day of the month. The foundation
will pay her $ on August and the remain
der on May To earn as much interest as possible,
the student wishes to invest the money. Three types
of investments are available at her bank: a three
month CD earning at maturity; a sixmonth
earning at maturity; and a month
earning at maturity. Develop a linear optimiza
tion model to determine how she can best invest the
money and meet her financial obligations. Please put everything into an excle sheet and use a linear optimziation model for all types of investments.
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