Question: please show working for sumif function for cells F10,H10,J10, and B13 A banking officer at Stratford National Bank needs to determine how to invest $200,000
A banking officer at Stratford National Bank needs to determine how to invest $200,000 in the following collection of bonds to maximite annual retum. The officer wants to invest at least 50% of the money in short term bonds and no more than 50% in high risk bonds. At least 30% of the funds should go in tax-free investements. and at least 40% of the total return should be tax free. Create a linear programming modei to represet the probiem using Excel Solver. The decision wariables are the amounts of money that should be invested in each bond. The Objective Function is to maximize the total annual return in cell D12. To effectively solve this problem you will have to use the =5UMIF function in celis F10,H10,J10, and B13. A banking officer at Stratford National Bank needs to determine how to invest $200,000 in the following collection of bonds to maximite annual retum. The officer wants to invest at least 50% of the money in short term bonds and no more than 50% in high risk bonds. At least 30% of the funds should go in tax-free investements. and at least 40% of the total return should be tax free. Create a linear programming modei to represet the probiem using Excel Solver. The decision wariables are the amounts of money that should be invested in each bond. The Objective Function is to maximize the total annual return in cell D12. To effectively solve this problem you will have to use the =5UMIF function in celis F10,H10,J10, and B13
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