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Enormous State University's employee credit union has11 million available for loans in the coming year. As VP in charge of finances, you must decide how

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Enormous State University's employee credit union has11 million available for loans in the coming year. As VP in charge of finances, you must decide how much capital to allocate to each of four different kinds of loans, as shown in the following table Type of Loan Automobile Furniture Signature Other secured Annual Rate of Return 8% 10% 12% 10% State laws and credit union policies impose the following restrictions Signature loans may not exceed 10% of the total investment of funds. Furniture loans plus other secured loans may not exceed automobile loans. Other secured loans may not exceed 200% of automobile loans. How much should you allocate to each type of loan to maximize the annual return? automobile loans signature loans furniture and other secured loans combined

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