Question: please explain using solver A linear programming computer package is needed. The employee credit union at State University is planning the allocation of funds for
please explain using solver
A linear programming computer package is needed. The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to Its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of retum are as follows: The credit union will have $2,400,000 available for investment during the coming year, State laws and credit union policles impose the following restrictions on the composition of the loans and investments. - Risk-free securities may not exceed 30% of the total funds avaltable for investiment. - Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and slgnature (oans). - Furniture loans plus other secured loans may not exceed the automobile loans. - Other secured loans plus signature loans may not exceed the funds invented in risk-free securitien, How should the $2,400,000 be allocated to each of the loan/investment aiternatives to maximize total annual return? Automobile loans How should the $2,400,000 be allocated to each of the loan/investment aiternatives to maximize total annual return? Automoblle loans Fumiture loans

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