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What is the maximum annual interest earned

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Question: You have $97,000 you would like to invest in three different stocks: MarkyB Inc., Jothohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $11,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in Jothohn Ltd. and Garretts Spaghetti House combined. If MarkyB Inc. earns 18% annual interest, Jothohn Ltd. earns 14% annual interest, and Garretts Spaghetti House earns 7% 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 earned?

Reference no: EM133528744

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