On your birthday your rich uncle gave you 19000 You would

Last updated: 5/21/2023

On your birthday your rich uncle gave you 19000 You would like to invest at least 2000 of the money in municipal bonds yielding 4 and no more than 4000 in Treasury bills yielding 7 How much should be placed in each investment in order to maximize the interest earned in one year Assume simple interest applies Let x represent the amount of money in municipal bonds and y represent the amount of money in Treasury bills Answer Enter the value in the first box and the ordered pair in the second box Maximum income of S Maximum income at Keypad Keyboard Shortcut