Question: Set up the problem shown below and use Solver to verify that you will get $5,266.67 in interest per year. You have $120,000 to invest
Set up the problem shown below and use Solver to verify that you will get $5,266.67 in interest per year.
You have $120,000 to invest in 4 CDs. The rates are shown in the following table:
| CDs | Amount Invested | Interest Rate |
| A | $ - | 3% |
| B | $ - | 4% |
| C | $ - | 4.50% |
| D | $ - | 5% |
There is a constraint that the money invested in CD B be exactly twice the amount of money invested in CD A. This means that you can dispense with one of the decision variables.
Suppose that you want to eliminate the variable for the amount invested in B and only use the variable for the amount invested in A. What new inequality should replace the constraint that
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