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Mathematics, 28.11.2019 05:31 Brendah4962
Apension fund manager decides to invest a total of at most $3535 million in u. s. treasury bonds paying 66% annual interest and in mutual funds paying 99% annual interest. he plans to invest at least $55 million in bonds and at least $1515 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 allowed to spend no more than $66000 on fees. how much should be invested in each to maximize annual interest? what is the maximum annual interest?
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