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Sam has $11000 in savings which he wishes to invest in certificates of deposit in two banks, Bank of America (BOA) and Citibank BOA

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Sam has $11000 in savings which he wishes to invest in certificates of deposit in two banks, Bank of America (BOA) and Citibank BOA offers an interest of 6.5% and Citibank of 6% Sam does not wish to put more than $7500 in BOA. Also, he wishes to ensure that he invests atleast $1000 in Citibank but not more than $7000 (i) Type out the objective function and constraints- this is to enable me to give you partial credit if the solver does not execute. (ii) Using Solver determine how much should Sam deposit into each account so that he can maximize his interest. The Answer Report must be downloaded. Note: When I open solver, the solver dialog box must be populated and I should be able to execute solver.

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