Question: Please show me this question on excel. take screen shot and upload them and also answer all questions below.Thanks Adirondack Savings Bank ( ASB )
Please show me this question on excel. take screen shot and upload them and also answer all questions below.Thanks Adirondack Savings Bank ASB has $ million in new funds that must be
allocated to home loans, personal loans, and automobile loans. The annual rates of return
for the three types of loans are for home loans, for personal loans, and for
automobile loans. The bank's planning committee has decided that at least of the
new funds must be allocated to home loans. In addition, the planning committee has
specified that the amount allocated to personal loans cannot exceed of the amount
allocated to automobile loans. Moreover, the amount allocated to personal loans should
be between and of the available funds.
Formulate a linear programming model that can be used to determine the amount
of funds the company should allocate to each type of loan to maximize the total annual
return for the new funds.
Solve the above developed model by ExcelSolver and generate sensitivity report.
Obtain the optimal solution and interpret them.
For each additional dollar invested in the home loans, how much will the annual
return be affected? Justify your answer.
Give the range of feasibility to the interest rate on of personal loans and interpret it
The company wanted to increase the total amount of funds by $ Discuss the
impact of this change on the optimal value of the linear programming model.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
