Finite Math

4. [-/3 Points] DETAILS TANFIN12 3.2.007.CMI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Formulate but do not solve the following exercise as a linear programming problem. Madison Finance has a total of $22 million earmarked for homeowner loans and auto loans, where a is homeowner loans in millions of dollar and y h buts loans in millions of dollars. On the average, homeowner loans have a 9% annual rate of return, whereas auto loans yield a 13%6 annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type Madison should extend to each category to maximize its returns P in millions of dollars. Modmice subject to the constraints total loans distribution of loans Need Holp