Question: A bank has $ 6 5 0 , 0 0 0 to invest among bonds, home mortgages, car loans and personal loans. Bonds are expected

A bank has $650,000 to invest among bonds, home mortgages, car loans and personal loans. Bonds are expected to produce a return of 10%, mortgages 8.5%, car loans 9.5%, and personal loans 12.5%. To make sure the portfolio is not too risky, the bank wants to restrict personal loans to no more than 25% of the total portfolio. The bank also wants to invest more in bonds than personal loans.Formulate an LP for this problem with the objective of maximizing the expected return on the portfolio. (Note: Linear!)Solve this LP by Excel Solver. Attach your Excel worksheet as an Excel file (not just a screenshot).

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