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Homework: Homework 7.3 Sav Score: 0 of 1 pt 8 of 10 (7 complete) HW Score: 70%, 7 of 10 7.3.19-BE Question Help A pension

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Homework: Homework 7.3 Sav Score: 0 of 1 pt 8 of 10 (7 complete) HW Score: 70%, 7 of 10 7.3.19-BE Question Help A pension fund manager decides to invest a total of at most S30 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 S million and the amount that should be invested in mutual funds is million

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