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As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments ( in thousands
As part of the settlement for a class action lawsuit, Hoxworth Corporation must
provide sufficient cash to make the following annual payments in thousands of
dollars
The annual payments must be made at the beginning of each year. The judge will
approve an amount that, along with earnings on its investment, will cover the annual
payments. Investment of the funds will be limited to savings at annually and
government securities at prices and rates currently quoted in The Wall Street Journal.
Hoxworth wants to develop a plan for making the annual payments by investing in
the following securities par value $ Funds not invested in these
securities will be placed in savings.
Assume that interest is paid annually. The plan will be submitted to the judge and, if
approved, Hoxworth will be required to pay a trustee the amount that will be
required to fund the plan.
a Use linear programming to find the minimum cash settlement necessary to
fund the annual payments.I JUST NEED OBJECTIVE FUNCTION COEFFICAINT PLEASE SOLVER DOES NOT WORK WITHOUT THEM AND NO OTHER EXPLINATION HAS THEM!!!
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