Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 15 Sep 2017 My Price 4.00

pension fund manager

A pension fund manager decides to invest a total of at most $35 million in U.S. Treasury bonds paying 5% annual interest and in mutual funds paying 8% annual interest. He plans to invest at least $5 million in bonds and at least $15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The fund manager is alllowed to spend no more than $6000 on fees. How much should be invested in each to maximize annual interest???

Thanks for help !!

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Sep 2017 04:09 PM My Price 4.00

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