Question: PLEASE USE THE FOLLOWING EXCEL MODEL TO SOLVE USING SOLVER 12) A bank is attempting to determine where its assets should be allocated in order

PLEASE USE THE FOLLOWING EXCEL MODEL TO SOLVE USING SOLVER 12)

PLEASE USE THE FOLLOWING EXCEL MODEL TO SOLVE USING SOLVER

A bank is attempting to determine where its assets should be allocated

12) A bank is attempting to determine where its assets should be allocated in order to maximize its annual return. At present, $750,000 is available for investment in three types of mutual funds: A, B, and C. The annual rate of return on each type of fund is as follows: fund A, 15\%; fund B, 12\%; fund C; 13\%. The bank's manager has placed the following restrictions on the bank's portfolio: - No more than 20% of the total amount invested may be in fund A. - The amount invested in fund B cannot exceed the amount invested in fund C. Determine the optimal allocation that maximizes the bank's annual return. A B C D G

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