Ashley has earmarked at most $210,000 for investment in three mutual funds: x dollars in a...

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Ashley has earmarked at most $210,000 for investment in threemutual funds: x dollars in a money market fund, y dollars in aninternational equity fund, and z dollars in a growth-and-incomefund. The money market fund has a rate of return of 4%/year, theinternational equity fund has a rate of return of 6%/year, and thegrowth-and-income fund has a rate of return of 15%/year. Ashley hasstipulated that no more than 30% of her total portfolio should bein the growth-and-income fund and that no more than 55% of hertotal portfolio should be in the international equity fund. Tomaximize the return on her investment P (in dollars), how muchshould Ashley invest in each type of fund?
Maximize      P =         subject to the constraints
total investments
x+y+z?210000

growth-and-income percentage
?3x/10??3y/10?+7z/10??0

international equity percentage

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x1 dollars in a money market fundx2 dollars in an international equity fund andx3 dollars in a growthandincome fundThe money market fund has a rate of return of 4year theinternational equity fund has a rate of return of 6year and thegrowthandincome fund has a rate of return of 15yearAshley has earmarked at most 210000no more than 30 of her total See Answer

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Maximize	P	=		subject to the constraints
total investments			x+y+z?210000
growth-and-income percentage			?3x/10??3y/10?+7z/10??0
international equity percentage