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I have posted this question two times already and both times they have been wrong, please someone do it correct thank you! has specified that
I have posted this question two times already and both times they have been wrong, please someone do it correct thank you!
has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans. Max0.07H+0.12P+0.09A 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? homeloanspersonalloansautoloans$$$$$ What is the total annual return (in dollars)? $ x What is the annual percentage return? (Round your answer to two decimal places.) 0 (c) If the interest rate on home loans increases to 9%, would the amount allocated to each type of loan change? Explain. Since 0.09 within the allowable range, the amount allocated to each type of loan obtained in part (b) change. Increasing the amount of new funds available by $70,000 will increase the total annual return (in dollars) by $ by 1%. How much would the annual return change (in dollars)? $ How much would the annual percentage return change? (Round your answer to two decimal places.) \% has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans. Max0.07H+0.12P+0.09A s.t. Available investment funds Minimum home loan amount Maximum personal loan amount H,P,A0 (b) How much (in dollars) should be allocated to each type of loan? homeloanspersonalloansautoloans$$$$$ What is the total annual return (in dollars)? $ x What is the annual percentage return? (Round your answer to two decimal places.) 0 (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 $70,000 will increase the total annual return (in dollars) by $ by 1%. How much would the annual return change (in dollars)? $ How much would the annual percentage return change? (Round your answer to two decimal places.) \%Step by Step Solution
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