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(Solved): You have \( \$ 31,000 \) you would like to invest in two different stocks, Stock Boll and Stock Cof ...
You have \( \$ 31,000 \) you would like to invest in two different stocks, Stock Boll and Stock Coff. The buying limit on Stock Coff is \( \$ 12,900 \) and you want to spend at least two times as much money on Stock Boll as Stock Coff. If Stock Boll earns \( 5 \% \) annual interest and Stock Coff earns \( 4 \% \) annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest (in dollars)? You will earn a maximum total annual interest of \( \$ \) if you invest \( \$ \) in Stock Boll and \( \$ \) in Stock Coff.