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automobile loans. allocated on Auto loans, and P is the amount allocated on personal loans. Write your answers expressing the amount allocated in dollars.) Max
automobile loans. allocated on Auto loans, and P is the amount allocated on personal loans. Write your answers expressing the amount allocated in dollars.) Max s.t. Available investment funds Minimum home loan amount Maximum personal loan amount H,P,A0 (b) How much (in dollars) should be allocated to each type of loan? What is the annual percentage return? (Round your answer to two decimal places.) % (c) If the interest rate on home loans increases to 9%, would the amount allocated to each type of loan change? Explain. Since 0.09 within the allowable range, the amount allocated to each type of loan obtained in part (b) change. Increasing the amount of new funds available by $60,000 will increase the total annual return (in dollars) by $ dollars)? $ How much would the annual percentage return change? (Round your answer to two decimal places.)
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