Answer to Question #46121 in Math for Gabrielle

Question #46121

A university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the rest at 3.5%. What is the most the university can invest at 3.5% and be guaranteed at least $24,600 in interest per year?

Expert's answer

Download Answer

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. A teacher has 21 red pens. If the ratio of red pens to blue pens is 3:1 how many pens did she have t
2. A city council fire brigade officer claims that it takes, on average 10.9 minutes to reach its desti
3. The price-earnings ratio of a stock that sells for $46.75 per share and earns $4.25 per share is..?
4. In the context of admission to IGOU, give examples of the following: i) an implication; ii)
5. What is 543672919374646289298471193937352626x8385628390292974625377472647289900746782773647737373737
6. A pharmaceutical firm has developed a nasal spray containing interferon, which it believes will limi
7. An X-ray technician is taking readings from his machine to ensure that it adheres to federal safety