Investor Matt has $83,000 to invest in a CD and a mutual fund. The CD yields 4% and the mutual fund yields an average of 8.5%. The mutual fund requires a minimum investment of $10,000, and Matt...


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Investor Matt has $83,000 to invest in a CD and a mutual fund. The CD yields 4% and the mutual<br>fund yields an average of 8.5%. The mutual fund requires a minimum investment of $10,000, and<br>Matt requires that at least 2 times as much money be invested in the CD as in the mutual fund. You<br>must invest in these bonds to maximize his return.<br>This can be set up as a linear programming problem. Introduce the decision variables:<br>x = dollars invested in the CD<br>y = dollars invested in the mutual fund<br>Check all of the problem constraints. Note: The non-negative constraints are not included here.<br>O x + y < 83000<br>O y > 2x<br>O y > 10000<br>O y< 10000<br>O 0.04x + 0.085y > 10000<br>0.04x + 0.085y < 83000<br>O x + y > 10000<br>O x > 2y<br>O a> 10000<br>

Extracted text: Investor Matt has $83,000 to invest in a CD and a mutual fund. The CD yields 4% and the mutual fund yields an average of 8.5%. The mutual fund requires a minimum investment of $10,000, and Matt requires that at least 2 times as much money be invested in the CD as in the mutual fund. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x = dollars invested in the CD y = dollars invested in the mutual fund Check all of the problem constraints. Note: The non-negative constraints are not included here. O x + y < 83000="" o="" y=""> 2x O y > 10000 O y< 10000="" o="" 0.04x="" +="" 0.085y=""> 10000 0.04x + 0.085y < 83000="" o="" x="" +="" y=""> 10000 O x > 2y O a> 10000

Jun 03, 2022
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