Compare investment alternatives Two acquaintances have approached you about investing in business activities in which each is

Question:

Compare investment alternatives Two acquaintances have approached you about investing in business activities in which each is involved. Julie is seeking $560 and Sam needs $620. One year from now your original investment will be returned, along with $50 income from Julie or $53 income from Sam. 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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