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investments together with annual rates of return are as follows: table [ [ Type of Loan / Investment Annual Rate of Return ( %
investments together with annual rates of return are as follows:
tableType of LoanInvestment Annual Rate of Return Automobile loans,Furniture loans,Other secured loans,Signature loans,Rlskfree securities
The credit union will have $ million available for investment during the coming year. State laws and credit union policies impose the following restrictlons on the composition of the loans and investments:
Riskfree securities may not exceed of the total funds available for investment.
Signature loans may not exceed of the funds invested in all loans automobile furniture, other secured, and signature loans
Furniture loans plus other secured loans may not exceed the automobile loans.
Other secured loans plus signature loans may not exceed the funds invested in riskfree securities
How should the $ million be allocated to each of the loaninvestment alternatives to maximize total annual return?
tabletableType ofLoanInvestmenttableFundAllocationAutomobile loans,$
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