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What is the maximum return per annum in dollar amounts

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Problem 1: An investment broker wants to invest up to $30,000. She can purchase a type A bond yielding a 12% per annum return on the amount invested, and she can purchase a type B bond yielding 18% per annum return on the amount invested. She wanted to invest at least as much in type A bond as in the type B bond. She will also invest at least $8,000 in type A bond and no more than $10,000 in type B bond. How much should she invest in each type of bond to maximize her return, and what is the maximum return per annum in dollar amounts?

Reference no: EM132894054

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