Linear Programming: Simplex Method - A couple has $40,000 to invest. As their financial consultant, you recommend they invest some money in treasury bills that yield 6%, some money in corporate bond....
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A couple has $40,000 to invest. As their financial consultant, you recommend they invest some money in treasury bills that yield 6%, some money in corporate bonds that yield 8%, and some money in junk bonds that yield 10%.
A. Prepare a table showing some of the ways this couple can achieve $3,000 per year in income.
B. Solve, showing all work.
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Solution Summary
The simplex method is used to solve an investment problem. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.
Solution Preview
We know that x + y + z = 40000
and we know that:
0.06x + 0.08y + 0.10z = 3000
Here are some examples. Take a look at them and you will see the pattern. It's rather ...
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