An investor has ($100,000) to invest in a business venture, or she can earn 10 percent/year with
Question:
An investor has \($100,000\) to invest in a business venture, or she can earn 10 percent/year with a \($100,000\) certificate of deposit for 4 years. Three possible business ventures have been identified. Any money not invested in the business venture can be put into a bank account that earns 7 percent/year. Based on a future worth analysis, what should be done with the \($100,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
Question Posted: