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Business, 17.12.2019 05:31 Turtlelover05

The credit union will have $1.8 million available for investment during the coming year. state laws and credit union policies impose the following restrictions on the composition of the loans and investments: • risk-free securities may not exceed 25% of the total funds available for investment. • signature loans may not exceed 12% of the funds invested in all loans (automobile, furniture, other secured, and signature loans). • furniture loans plus other secured loans may not exceed the automobile loans. • other secured loans plus signature loans may not exceed the funds invested in risk-free securities. how should the $1.8 million be allocated to each of the loan/investment alternatives to maximize total annual return?

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The credit union will have $1.8 million available for investment during the coming year. state laws...
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