Question: please specify the answer and how to get it etlook Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to

please specify the answer and how to get it  please specify the answer and how to get it etlook Adirondack
Savings Bank (ASB) has $1 million in new funds that must be

etlook Adirondack Savings Bank (ASB) has $1 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 6% for home loans, 11% for personal loans, and 10% for automobile loans. The bank's planning committee has decided that at least 40% 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 60% of the amount allocated to automobile loans. > (b) How much should be allocated to each type of loan? Loan type Allocation Home Personal Automobile What is the total annual return? If required, round your answer to nearest whole dollar amount What is the annual percentage return? If required, round your answer to two decimal places (c) If the interest rate on home loans increases to 9%, would the amount allocated to each type of loan change? Select your answer Explain The input in the box below will not be graded, but may be reviewed and considered by your instructor (d) Suppose the total amount of new funds available is increased by $10,000. What effect would this have on the total annual return? Explain If required, round your answer to nearest whole dollar amount An increase of $10,000 to the total amount of funds available would increase the total annual return by (e) Assume that ASB has the original $1 million in new funds available and that the planning committee has agreed to relax the requirement that at least 40% of the new funds must be allocated to home loans by 1% How much would the annual return change? If required, round your answer to nearest whole dollar amount How much would the annual percentage return change? If required, round your answer to two decimal places

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