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Lola won $100,000 in the lottery and wants to invest it for her retirement in 11 years. While on the drive to work, her investment
Lola won $100,000 in the lottery and wants to invest it for her retirement in 11 years. While on the drive to work, her investment broker called and told her of 2 investment opportunities of equal risk. One pays 7% annually. The other will double her initial investment in 11 years. Lola thought for a few seconds (never taking her eyes off the road), then responded with the best option. How did she come to a decision? What decision did he make? (Credit will only be given if both questions are correctly answered
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