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Exercise 3-7 (Algo) Compare investment alternatives LO 2 Two acquaintances have approached you about investing in business activities in which each is involved. Simone is

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Exercise 3-7 (Algo) Compare investment alternatives LO 2 Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $680, and Riley needs $740. One year from now, your original investment will be returned, along with $61 income from Simone or $64 income from Riley. You can make only one investment Required: a-1. Compute the ROI of Simone and Riley. (Round your answers to 2 decimal places.) ROL Simone Riley % a-2. Which investment would you prefer? Simone O Riley b. What other factors should you consider before making either investment? Fluctuation Risk

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