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Safari File Edit View History Bookmarks Window Help 7% Tue 1:08 PM O . . . A v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Search Textbook Solutions | Chegg.com Ch. 4 Calculator Type of Loan/Investment Annual Rate of Return (%) Automobile loans Furniture loans Other secured loans Signature loans Risk-free securities The credit union will have $2.4 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments: . Risk-free securities may not exceed 30% of the total funds available for investment. . Signature loans may not exceed 10% 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 risk-free securities. How should the $2.4 million be allocated to each of the loan / investment alternatives to maximize total annual return ? Round your answers to the nearest dollar. Automobile Loans Furniture Loans Other Secured Loans Signature Loans Risk Free Loans What is the projected total annual return? Round your answer to the nearest dollar.

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