subject
Mathematics, 17.10.2020 21:01 ccispoppin12

As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Year 1 2 3 4 5 6 Payment 180 220 245 300 320 480 The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 3.75% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal. Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value = $1000). Funds not invested in these securities will be placed in savings. Security Current Price Rate (%) Years to Maturity 1 $1065 6.25 3 2 $1000 5.225 4 Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan. Use linear programming to find the minimum cash settlement necessary to fund the annual payments. Let F = total funds required to meet the six years of payments G1 = units of government security 1 G2 = units of government security 2 Si = investment in savings at the beginning of year i Note: All decision variables are expressed in thousands of dollars. If required, round your answers to four decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:00
Select the best attribute for the angle pair formed by two parallel lines intersected by a transversal.
Answers: 2
question
Mathematics, 21.06.2019 17:30
Which are factor pairs of 350? choose all answers that are correct. a) 30 and 12 b) 35 and 10 c) 70 and 5 d) 2 and 125
Answers: 2
question
Mathematics, 21.06.2019 18:30
Haruka hiked several kilometers in the morning. she hiked only 66 kilometers in the afternoon, which was 25% less than she had hiked in the morning. how many kilometers did haruka hike in all?
Answers: 1
question
Mathematics, 21.06.2019 23:40
Find the amplitude of a sinusoidal function that models this temperature variation
Answers: 2
You know the right answer?
As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient c...
Questions
question
Mathematics, 11.12.2019 02:31
question
Health, 11.12.2019 02:31
Questions on the website: 13722361