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PLEASE SOLVE USING SOLVER IN EXCEL! PLEASE EXPLAIN THE STEP-BY-STEP PROCESS TO SOLVE IN EXCEL An individual is planning the allocation of investments for 2022.
PLEASE SOLVE USING SOLVER IN EXCEL! PLEASE EXPLAIN THE STEP-BY-STEP PROCESS TO SOLVE IN EXCEL An individual is planning the allocation of investments for 2022. The rate of returns for the various investments in 4 different years are s given in the table below. Due to the high demand in the housing market, the investment in this sector cannot exceed 30% of the total available funds. The investor is a tech enthusiast and wants to allocate at least 10% of the funds to crypto. How should their investment of 50,000$ be allocated to maximize the return?
Rate of return Investment Year 1 Year 2 Year 3 Year 4 Savings account 9% 7% 4% 12% Bonds 10.30% 11.80% 9.40% 7.60% Stocks 6.00% 5.30% 4.10% 7.90% Housing 12.40% 13.90% 11.40% 9.60% Crypto 3.40% 5.60% 7.20% 11.10%Step by Step Solution
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