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A) you decide to invest $7500 today. You can earn 6% a year in interest for the next 3 years. How much will that $7500
A) you decide to invest $7500 today. You can earn 6% a year in interest for the next 3 years. How much will that $7500 be worth 3 years from now?
B) you have the opportunity to invest $3000 in anew business venture. You are told that six years from now your investment will be worth $4500.
I) what is the present value of this investment if your rate of return is 4%.
II) should you invest your $3000 in the new business venture?
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