Math  /  Algebra

QuestionSet up the problem shown below and use Solver to verify that you will get $5,266.67\$ 5,266.67 in interest per year.
You have $120,000\$ 120,000 to invest in 4 CDs. The rates are shown in the following table: \begin{tabular}{|l|l|l|} \hline CDs & Amount Invested & Interest Rate \\ \hline A & $\$ - & 3%3 \% \\ \hline B & $\$- & 4%4 \% \\ \hline C & $\$- & 4.50%4.50 \% \\ \hline D & $\$- & 5%5 \% \\ \hline \end{tabular}
There is a constraint that the money invested in CD B be exactly twice the amount of money invested in CD A. This means that you can dispense with one of the decision variables.

Studdy Solution
Verify the solution: - Check that the total interest calculated using the Solver solution is \$5,266.67. - Ensure that all constraints are satisfied with the solution provided by Solver.

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