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USING EXCEL PLEASE SHOW EQUATION ON SOLVER AND ON CELLS A bank has $1,000,000 to invest in bonds, stocks, car and personal loans. Bonds produce
USING EXCEL PLEASE SHOW EQUATION ON SOLVER AND ON CELLS
A bank has $1,000,000 to invest in bonds, stocks, car and personal loans. Bonds produce a return of 10%, stocks 8.5%, car loans 9.5% and personal loans 12.5%. The banks wants to restrict peronal loans to no more than 25% of the total money invested. The bank also wants more money invested in stocks than personal loans. It also wants to invest more money in bonds than personal loans. How much money should the bank invest in each investment to maxmize return. Total Return Bonds Stocks Car Personal Loans Amt % 10.0% 8.5% 9.5% 12.5% Budget personal loans to no more than 25% of the total money invested more money invested in stocks than personal loans more money in bonds than personal loans $ 1,000,000.00 $ 250,000.00Step by Step Solution
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