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Alexia currently has $6,000,000 invested in her friend Mindy's Accounting firm, earning $600,000 per year. Then one day her friend Shin offers her an opportunity
Alexia currently has $6,000,000 invested in her friend Mindy's Accounting firm, earning $600,000 per year. Then one day her friend Shin offers her an opportunity to invest that money in a winery instead, promising a return of $700,000 per year. Assuming that the risk is the same for both investments, what is Alexia's annual accounting profits of keeping her money invested in Mindy's business? Alexia currently has $6,000,000 invested in her friend Mindy's Accounting firm, earning $600,000 per year. Then one day her friend Shin offers her an opportunity to invest that money in a winery instead, promising a return of $700,000 per year. Assuming that the risk is the same for both investments, what is Alexia's annual accounting profits of keeping her money invested in Mindy's business
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