Question: Formulate this problem mathematically. Write down or type the objective function and all constraints clearly. (Hint: the right-hand-side (RHS) of the ROI constraint is $50,000*0.08
Formulate this problem mathematically. Write down or type the objective function and all constraints clearly. (Hint: the right-hand-side (RHS) of the ROI constraint is $50,000*0.08 = $4,000, which is the gain of investing $50,000 with a return rate of 8%.)
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