What is the maximum annual? interest

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A pension fund manager decides to invest a total of at most ?$35 million in U.S. Treasury bonds paying 6?% annual interest and in mutual funds paying 8?% annual interest. He plans to invest at least ?$5 million in bonds and at least ?$15 million in mutual funds. Bonds have an initial fee of?$100 per million? dollars, while the fee for mutual funds is? $200 per million. The fund manager is allowed to spend no more than ?$6000 on fees. How much should be invested in each to maximize annual? interest? What is the maximum annual? interest?

The amount that should be invested in Treasury bonds is ?$? million and the amount that should be invested in mutual funds is ?$? million.

The maximum annual interest is ?$?

Reference no: EM132680488

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