Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Busisness Analytics Help pls The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes

Busisness Analytics Help pls
image text in transcribed
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (9) Automobile loans Furniture loans 10 other secured lons 11 Signature loans 12 Risk free securities 9 The credit union will have $2 million available for investment during the coming year. State and credit union policies import the following restrictions on the composition of the loans and Investments Hak free curities may not exceed 90% of the total funds available for investment Skonature loans may not exceed 10% of the funds invested in all towns Coutomobile, furniture, other secured, and donature loans) Furniture loans plus other cured towe may not exceed the automobile loans Other secured loans plus signature fons may not exceed the funds invested in lik.freeseci How should the $2 million be located to each of the larinvestment alternatives to come total annual return? Type of Loan/Investment und Allocation Automobile loans Furniture loans Other secured loans Signature loans Risto free securities What is the projected total anual ream? Annual Retum

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

QlikView For Finance

Authors: B. Diane Blackwood

1st Edition

ISBN: 1784395749, 978-1784395742

More Books

Students also viewed these Finance questions

Question

Identify the different methods employed in the selection process.

Answered: 1 week ago

Question

Demonstrate the difference between ability and personality tests.

Answered: 1 week ago