Question
The Smiths have $40,000 to invest in three mutual funds. The mutual funds with their corresponding simple interest yields are: Franklin Strategic Income at 6%,
The Smiths have $40,000 to invest in three mutual funds. The mutual funds with their corresponding simple interest yields are: Franklin Strategic Income at 6%, Franklin Small Cap Value at 8% and Franklin Micro Cap at 10%. They would like $3000 a year in income. Provided below is the row echelon form of the augmented matrix where each coefficient column represents Franklin Strategic Income, Franklin Small Cap and Franklin Micro Cap, respectively. NEW [1:38 PM] Create a table showing the following 2 investment options. No negative numbers allowed. (worth 10 points) a.) An option that uses all three funds. b.) An option that uses only two funds.
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