Question
Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $560, and Riley needs $665. One year
Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $560, and Riley needs $665. One year from now, your original investment will be returned, along with $50 income from Simone or $53 income from Riley. You can make only one investment. Required: a-1. Compute the ROI of Simone and Riley. (Round your answers to 2 decimal places.) a-2. Which investment would you prefer?
multiple choice 1
-
Simone
-
Riley
b. What other factors should you consider before making either investment?
multiple choice 2
-
Fluctuation
-
Risk
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