Ashley Has Earmarked at Most $200,000 for Investment in Three

Essay

Ashley has earmarked at most $200,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 9%/year, and the growth-and-income fund has a rate of return of 16%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund?
$ __________ in the money market fund, $ __________ in the international equity fund,
$ __________ in the growth-and-income fund
What is the maximum return? $ __________