Sherman Peabody earns a monthly salary of $2000, which he receives at the beginning of each month. He spends the entire amount each month, at the rate of $67 per day. (Assume 30 days in a month.) The interest rate paid on bonds is 10 percent per month. It costs $4 every time Peabody sells a bond.
Using the information above compute the following:Peabody should sell (switch) bonds ______times per month, because he can maximizehis net profit by doing so. (Enter your response as an integer.)
The maximum net profit would be $_____. (Enter your response as an integer.)The optimal average of money holdings is $______.