Question: 4. Use the Solver to obtain computer solutions in an Excel workbook. 5. Submit the Word and Excel workbook(s) separately as attachments. Problem 1 Jim

4. Use the Solver to obtain computer solutions in an Excel workbook. 5. Submit the Word and Excel workbook(s) separately as attachments. Problem 1 Jim is planning to invest between $12,000 and $15,000 in two types of investment: investment 1 yields 6% and investment 2 yields 8%. Because of tax laws, he should invest between 40% and 60% of his total investment in investment 1 and no more than $8,100 in investment 2. How much should he invest and how should that amount be allocated to the two investments? c) In this document, solve the problem graphically and explain the optimal allocation of investment fund to the two investments. d) In an Excel workbook, solve the problem by using the Solver 4. Use the Solver to obtain computer solutions in an Excel workbook.

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