subject
Mathematics, 17.10.2020 21:01 ccispoppin12

As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Year 1 2 3 4 5 6 Payment 180 220 245 300 320 480 The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 3.75% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal. Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value = $1000). Funds not invested in these securities will be placed in savings. Security Current Price Rate (%) Years to Maturity 1 $1065 6.25 3 2 $1000 5.225 4 Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan. Use linear programming to find the minimum cash settlement necessary to fund the annual payments. Let F = total funds required to meet the six years of payments G1 = units of government security 1 G2 = units of government security 2 Si = investment in savings at the beginning of year i Note: All decision variables are expressed in thousands of dollars. If required, round your answers to four decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 22:40
What are the excluded values? m+5/mn+3m
Answers: 1
question
Mathematics, 21.06.2019 23:00
What is the value of x in the equation7x+2y=48 when y=3
Answers: 2
question
Mathematics, 21.06.2019 23:00
Sara made $253 for 11 hours of work. at the same rate how much would he make for 7 hours of work?
Answers: 2
question
Mathematics, 22.06.2019 00:00
Which expression is a perfect cube? a. x8 b. y24 c. m28 d. x64
Answers: 3
You know the right answer?
As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient c...
Questions
question
Mathematics, 30.08.2020 16:01
question
Mathematics, 30.08.2020 16:01
question
Business, 30.08.2020 16:01
question
Mathematics, 30.08.2020 16:01
question
Computers and Technology, 30.08.2020 16:01
question
Mathematics, 30.08.2020 16:01
Questions on the website: 13722360