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  3. you have $39,000 you would like to invest in two d

You have $39,000 you would like to invest in two different stocks, Stock Boll and...

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Accounting

You have $39,000 you would like to invest in two different stocks, Stock Boll and Stock Coff. The buying limit on Stock Coff is $12,000 and you want to spend at least
four times as much money on Stock Boll as Stock Coff.
If Stock Boll earns 8% annual interest and Stock Coff earns 4% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual
interest earned? What is the maximum annual interest (in dollars)?
You will earn a maximum total annual interest of $
if you invest $
in Stock Boll and $
in Stock Coff.
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