finance

b. A 5-year certificate of deposit that pays 2.9% interest compounded annually c. You lend the money to a friend who's starting a business, and she writes a contract guaranteeing you as 15% simple interest return on your investment, to be paid in full at the end of 5 years, with an option to reinvest if the company is successful. If the company is not successful you don't get any money including the principal amount. Note, 15% of the investment is the total percent for all 5 years, which means 3% per year d. A savings account that offers 2.18% compounded monthly. You can remove the money any time you like but plan to keep it in the investment for 5 years. e A different bank from the question in part d offers the same interest rate, but they compound hourly d The plan is also to keep the money invested for 5 years. f How would you invest the money? Make sure to discuss the reasoning for your choice b. A 5-year certificate of deposit that pays 2.9% interest compounded annually c. You lend the money to a friend who's starting a business, and she writes a contract guaranteeing you as 15% simple interest return on your investment, to be paid in full at the end of 5 years, with an option to reinvest if the company is successful. If the company is not successful you don't get any money including the principal amount. Note, 15% of the investment is the total percent for all 5 years, which means 3% per year d. A savings account that offers 2.18% compounded monthly. You can remove the money any time you like but plan to keep it in the investment for 5 years. e A different bank from the question in part d offers the same interest rate, but they compound hourly d The plan is also to keep the money invested for 5 years. f How would you invest the money? Make sure to discuss the reasoning for your choice