dragonspace1720
dragonspace1720 dragonspace1720
  • 08-09-2016
  • Mathematics
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Don has $12,000 to invest in AAA and bonds.
AAA bonds pay 6%. B bonds pay 9%. He wants to
invest at least twice as much in AAA bonds as in B
bonds. How much shall he invest in each type to
maximize his return? What is his return?

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taynoon2503
taynoon2503 taynoon2503
  • 09-09-2016
AAA he will invest $8,000 and B bonds he will invest $4,000.
In return AAA will give him $480 and B bonds will give him $360.
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