Mathematics, 23.09.2021 02:50, finesser16

Francisco is planning to invest up to $28,000 in corporate and municipal bonds. The least he is allowed to invest in corporate bonds is $7,000, and he does not want to invest more than $27,000 in corporate bonds. He also does not want to invest more than $16,000 in municipal bonds. The interest is 4% on corporate bonds and 3 1/2% on municipal bonds. This is simple interest for one year. How much should he invest in each type of bond in order to maximize his income? What is the maximum income?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:10, sebastianapolo5

Element x decays radioactively with a half life of 8 minutes. if there are 450 grams of element x, how long, to the nearest tenth of a minute, would it take the element to decay to 37 grams?

Answers: 2

continue

Mathematics, 21.06.2019 16:00, brandondees25

Afurniture manufacturer produces chairs and sofas. each chair requires 10 yards of fabric, and each sofa requires 20 yards of fabric. the manufacturer has 300 yards of fabric available. to fulfill orders, the number of sofas must be at least twice the number of chairs. let x be the number of chairs and y the number of sofas. which inequalities are described in the problem? check all of the boxes that apply

Answers: 2

continue

Mathematics, 21.06.2019 17:30, jacamron

Can someone me and do the problem plz so i can understand it more better

Answers: 2

continue

Mathematics, 21.06.2019 19:00, masonsee4ytube

Daniel expanded the expression as shown below -2(-8x-4y+3/4)=-10x-8y-11/4 what errors did he make? check all that apply

Answers: 3

continue

Do you know the correct answer?

Francisco is planning to invest up to $28,000 in corporate and municipal bonds. The least he is allo...