Zach is planning to invest up to $50,000 in corporate and municipal
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Zach is planning to invest up to $50,000 in corporate and municipal

Zach is planning to invest up to $50,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $6000 and he does not want to invest more than $27,000 in corporate bonds. He also does not want to invest more than $34,650 in municipal bonds. The interest is 8.5% on corporate bonds and 6.8% on municipal bonds. This is simple interest for one year. What is the maximum income?

Hint
MathematicsInvestment or investing refers to the purchase of an item or the deposit of money in a bank in order to get future interest. A shareholder's investment is the entire amount of money spent on company shares. Longer-term savings are referred to as investments in economic management sciences....

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