You have $76,000 you would like to invest in three different stocks, MarkyB Inc., JohnJohn Ltd.,...
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You have $76,000 you would like to invest in three different stocks, MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $23,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd and Garretts Spaghetti House combined. If MarkyB Inc. earns 14% annual interest. JohnJohn Ltd. earns 16% annual interest, and Garretts Spaghetti House earns 9% annual interest. How much money should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned? You should invest $ into MarkyB Inc.. $ A into JohnJohn Ltd., and $ into Garretts Spaghetti House, which will give you give you maximum annual interest $ You have $76,000 you would like to invest in three different stocks, MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $23,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd and Garretts Spaghetti House combined. If MarkyB Inc. earns 14% annual interest. JohnJohn Ltd. earns 16% annual interest, and Garretts Spaghetti House earns 9% annual interest. How much money should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned? You should invest $ into MarkyB Inc.. $ A into JohnJohn Ltd., and $ into Garretts Spaghetti House, which will give you give you maximum annual interest $
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Let the decision variables be as follows x amount invested in Marky y amount in... View the full answer
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date:
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