The concept of the Time Value of money states that a dollar today is worth more than a dollar tomorrow. This is attributable to the compounding effect, which Albert Einstein claimed was the $8$th wonder of the world. Consider the following scenario and provide a recommendation as to which course of action is most desirable. It is March break, and your friends are looking to go on vacation to a sunny destination down south. This trip is expected to cost $$2,000$ for an allinclusive resort. You have $$25000$ in your bank current account. Additionally, you can save $$100$ monthly from your current income. As you decide on your course of action, your uncle, who works for the Bank of Montreal, calls you with some investment opportunities. The first investment will require a minimum investment of $$25,000$ and will pay a compound interest rate of $6\%$ annually for a redeemable three$-$year term. The interest will be calculated monthly and redeemable at $30$ days intervals. The second investment opportunity also begins with a minimum $$25,000$ investment; however, this provides a $10\%$ annual simple interest return for the same three$-$year period. In this case, interest will be calculated annually redeemable after $12$ months. With your understanding of the Time Value of Money and simple vs compound interest, determine which of the three courses of action would be best to take.