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You have $95,000 you would like to invest in three different stocks: Markye Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to
You have $95,000 you would like to invest in three different stocks: Markye Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $16,000 in Garretts Spaghett House, and you want the amount you invest in Markys Inc., to be at least the amount invested in John John Ltd. and Garretts Spaghetti House combined. If MarkyB Inc. earns 19% annual interest, JohnJohn Ltd. earns 14% annual interest, and Garretts Spaghetti House ears 7% annual interest, how much money (in dollars) should you invest in each i stock to maximize your annual interest earned? What is the maximum annual interest earned? You should invest s into MarkyB Inc., s Into JohnJohn Ltd, and s into Garretts Spaghetti House, which will give you give you maximum annual interest
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