Ms. Paige Turner has inherited a pile of cash from a long lost Uncle who resided in Key West. Ms. Turner has spent a portion of the funds on necessities- corvette, stereo, and a party with live entertainment performed by KC and the Sunshine Band, the Captain & Teneal, and Barry Manilow. The money she has left she would like to invest. You are her financial advisor and she asks you the following questions:

1. How much would my investment be worth in 20 years if I invested in a fixed account at 6% per annum?
2. If I put $12,000 per year into an annuity, what will it be worth in 30 years if I can earn 8% per annum?

Amount to invest $300,000.

1. • Brief description of the risk and reward of each option.

   • Include the calculated values requested

   • Provide a recommendation on which option to choose and support your choice.