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Given a choice of two investments, would you choose one that pays a total return of 30 percent over 5 years or one that pays

Given a choice of two investments, would you choose one that pays a total return of 30 percent over 5 years or one that pays 0.5 percent per month for 5 years? What annual rate of return does each give you? Instructions: Enter your responses in percentages to the nearest hundredth, for example, 3.00 for 3 percent. The return of 30 percent over 5 years provides an annual return of ..... percent. The return of 0.5 percent per month for 5 years provides an annual return of ...... percent.

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