Two acquaintances have approached you about investing in business activities in which each is involved. Simone is
Question:
Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $8,000, and Riley needs $6,000. One year from now, your original investment will be returned, along with $920 income from Simone or $750 income from Riley. You can make only one investment.
Required:
a. Which investment would you prefer? Why? Round your percentage answer to two decimal places.
b. What other factors should you consider before making either investment?
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a Amount of return920750 ROI Amount i...View the full answer
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Related Book For 
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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