Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please create lp model EASY-DIFF. You want to evaluate your savings of 1,000,000 TL. If you deposit your money in the bank you get 4%
Please create lp model
EASY-DIFF. You want to evaluate your savings of 1,000,000 TL. If you deposit your money in the bank you get 4% interest income per year. The Bank also provides 6% annual income to the 3-year private account and 8% annual income to the 6-year private account. Also, if you invest your money in a 4 year government bond, 5.5% per year, if you invest in a 7-year municipal bond, you can get 9% interest income per year. However, the government deducts 10% tax per year from the interest Income you get from the bank and you have to pay 150.000 TL {fixed) every three years for the installment of the house you buy. How should you invest 1.000.000 TL to maximize the earnings at the end of 9 years (Create only the LP model, do not solve the problem) Yanitiniz EASY-DIFF. You want to evaluate your savings of 1,000,000 TL. If you deposit your money in the bank you get 4% interest income per year. The Bank also provides 6% annual income to the 3-year private account and 8% annual income to the 6-year private account. Also, if you invest your money in a 4 year government bond, 5.5% per year, if you invest in a 7-year municipal bond, you can get 9% interest income per year. However, the government deducts 10% tax per year from the interest Income you get from the bank and you have to pay 150.000 TL {fixed) every three years for the installment of the house you buy. How should you invest 1.000.000 TL to maximize the earnings at the end of 9 years (Create only the LP model, do not solve the problem) YanitinizStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started