Question: pecified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans. on Auto loans, and P is the

pecified that the amount allocated to personal

pecified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans. on Auto loans, and P is the amount allocated on personal loans. Write your answers expressing the amount allocated in dollars.) Max (c) If the interest rate on home loans increases to 9%, would the amount allocated to each type of loan change? Explain. Since 0.09 within the allowable range, the amount allocated to each type of loan obtained in part (b) Increasing the amount of new funds available by $80,000 will increase the total annual return (in dollars) by $ corresponding constraint is now less restrictive with the change. How much would the annual return change (in dollars)? $ How much would the annual percentage return change? (Round your answer to two decimal places.) %

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