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Question

A couple has up to $30,000 to invest in two mutual funds: the Templeton Global Bond fund (T) yielding 8%

and Franklin International Small Cap Growth fund (F) yielding 12%. They decide to invest at most $12,000

in the F and at least $6,000 in T. They also want the amount invested in T to exceed or equal the amount

invested in F. Use a geometric method(finite mathematics) to determine the amounts that the couple should invest in each fund

to maximize the return?

Step-by-step answer

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Subject: Algebra, Math

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