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Solve the Linear Programming Problem $40,000\$ 40,000 In Corporate and Municipal Bonds

Question 4

Multiple Choice

Solve the linear programming problem.
-Zach is planning to invest up to $40,000\$ 40,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $9000\$ 9000 and he does not want to invest more than $29,000\$ 29,000 in corporate bonds. He also does not want to invest more than $29,731\$ 29,731 in municipal bonds. The interest is 8%8 \% on corporate bonds and 6.5%6.5 \% on municipal bonds. This is simple interest for one year. What is the maximum income?


A) $32,035\$ 32,035
B) $3035\$ 3035
C) $14,035\$ 14,035
D) $19,605\$ 19,605

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