The University's employee credit union has $8 million available for loans in the coming year. As VP in charge of finances, you must decide how much capital to allocate to each of four different kinds of loans, as shown in the table.
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Type of LoanAnnual Rate of ReturnAutomobile8%Furniture10%Signature12%Other secured10%?
State laws and credit union policies impose the following restrictions:
Signature loans may not exceed 10 percent of the total investment of funds.Furniture loans plus other secured loans may not exceed automobile loans.Other secured loans may not exceed 200 percent of automobile loans.How much should you allocate to each type of loan to maximize the annual return?Allocate $__________ to automobile loans, $__________ to signature loans, and $__________ to any combination of furniture loans and other secured loans.
What will be an ideal response?
3,600,000; 800,000; 3,600,000
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Divide.
A. 7 R 2 B. 9 C. 7 R 3 D. 8
Use Euler's method with given values of n to obtain an approximation of the initial value problem when 
. Round your answers to four decimal places, if necessary.
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What will be an ideal response?
Compute the product.
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Write an equivalent logarithmic equation.52 = 25
A. log 5 2 = 25 B. log 2 25 = 5 C. log 25 5 = 2 D. log 5 25 = 2