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Sarah was just notified by her lawyer that she has inherited 80,000 SAR from her uncle and she is considering the following option for investing
Sarah was just notified by her lawyer that she has inherited 80,000 SAR from her uncle and she is considering the following option for investing the money to maximize her return.
What is the expected return of Option 1?
Option 1: Put the money in an interest-bearing checking account that earns 1.3%. The account is ensured against bank failure. |
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