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On your birthday your great aunt gave you $17000 . You would like to invest at least $8500 of the money in municipal bonds yielding
On your birthday your great aunt gave you $17000 . You would like to invest at least $8500 of the money in municipal bonds yielding 4% and no more than $3500 in Treasury bills yielding 6% . How much should be placed in each investment in order to maximize the interest earned in one year? Assume simple interest applies. Let x represent the amount of money in municipal bonds and y represent the amount of money in Treasury bills.
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