# ID 7. Emily is interested in investing her money in a bank so that she can look after her retirement. The finance broker has given her some options and she needs to choose one. Emily has $50 000 that she can invest for 15-25 years. Emily prefers to receive payments from her investment regularly. Ideally at least $170 per month and wishes her investment to double at the end of the investment term. Investment options: Offer Bank ANZ Macquarie 10% p.a. over 20 years compounded monthly 10% p.a over 15 years compounded weekly 10.5 % p.a over 25 years compounded monthly 10.5% p.a. over 20 years compounded fortnightly Westpac 4 Me You need to make a choice for Emily and back it up with detailed calculations and reasons why she should choose one option as oppose to the other available options. (Hint: Make sure you come up with a list of what you need to calculate first and clearly label everything. Then make a clear choice, state it and explain very well why she should choose that option. Explain how. (using numbers), the other options are not providing what your choice is providing. You need to mix meaningful sentences with the numbers as evidence to communicate yo choice and the reasoning.) 1 2 30 CEE p 3