Write the word or phrase that best completes each statement or answers the question.
-The Jillsonʹs have up to $75,000 to invest. They decide that they want to have at least $25,000 invested instable bonds yielding 6% and that no more than $45,000 should be invested in more volatile bondsyielding 12%. How much should they invest in each type of bond to maximize income if the amount in themore volatile bond should not exceed the amount in the more stable bond? What is the maximum income?

Question

Quizplus · Accepted Answer

The Answer of Write the word or phrase that best completes each statement or answers the question.
-The Jillsonʹs have up to $75,000 to invest. They decide that they want to have at least $25,000 invested instable bonds yielding 6% and that no more than $45,000 should be invested in more volatile bondsyielding 12%. How much should they invest in each type of bond to maximize income if the amount in themore volatile bond should not exceed the amount in the more stable bond? What is the maximum income?

Write the Word or Phrase That Best Completes Each Statement