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Homework: Chapter 3 Review Homework Save Score: 0 of 4 pts 10 of 10 (9 complete) HW Score: 62.67%, 15.67 of 25 pts Bus Econ

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Homework: Chapter 3 Review Homework Save Score: 0 of 4 pts 10 of 10 (9 complete) HW Score: 62.67%, 15.67 of 25 pts Bus Econ 3.3.9 Question Help A pension fund manager decides to invest a total of at most $30 million in U.S. Treasury bonds paying 5% annual interest and in mutual funds paying 7% annual interest. He plans to invest at least $5 million in bonds and at least $15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The fund manager is allowed to spend no more than $5000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? The amount that should be invested in Treasury bonds is $ million and the amount that should be invested in mutual funds is $ million

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