jmsgames38 jmsgames38
  • 20-04-2024
  • Mathematics
contestada

Investor Matt has $705,000 to invest in bonds. Bond A yields an average of 5.3% and the bond B yields 5.8%. Matt requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. What is the maximum return?

$ ____________ per year. Round to the nearest cent.

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