Over the last two lessons, we've studied many aspects of interest. The goal of this assignment will be to compare various invest ments and decide which would be most beneficial. Of course, the amount of money that anyone chooses to invest at any given time is very personal and depends on too many factors to consider in a few lines of text. So we'll pick an amount and go with it, but if you'd prefer to work this assignment with a different amount, check with your instructor to see if that's okay. Example: An investor has $12,000 to invest and is willing to keep it invested for up to 5 years. Each of the options below is available. Find the future value of the investment and the effective rate in each case. When you've completed all of them, write a short essay explaining which you think would be the best choice for you. Consider as many factors as you can. 1. A 1-year certificate of deposit that pays 2.1% simple interestru al cottoncittadinimo sis olid 2. A 5-year certificate of deposit that pays 2.9% interest compounded annually ruodis do odosso resnico blow or 2.5 med to be a more counter too 3. You lend the money to a friend who's starting a business, and she writes a contract guaranteeing you a 12% return on your investment, to be paid in full at the end of 4 years, with an option to reinvest if the company is successful. 4. A savings account offers 1.98% interest compounded continuously. You can remove the money any time you like, but plan to keep it in the investment for 5 years. (For interest compounded continuously, the effective rate formula is E= - 1.)