Question 1 You are contemplating whether to invest in a financial asset for $25,000 today in exchange for $120,000 in 20 years' time. (a) Judge, in a balanced manner, whether the financial asset is an attractive investment. (15 marks) Ganges bank pays 3.5% per year (simple interest) on its fixed deposit account, whereas Nile bank pays an interest of 3% per year compounded monthly. (b) Show which bank you are better off with at the end of 12 years. You are expected to show all relevant workings. (10 marks)