urn or 870. which investment should he make, and why? Personal Finance Problem P5-53 Rate of return and investment choice Clare Jaccard has $5,000 to invest. Because she is only 25 years old, she is not concerned about the length of the investment s life. What she is sensitive to is the rate of return she will earn on the inve With the help of her financial advisor, Clare has isolated four equally risky investments, each providing a single amount at the end of its ite the following table. All the investments require an initia l $5,000 payment. Investment Investment life (years) Single amount 6 $ 8,400 15,900 15 7,600 13,000 10 Calculate, to the nearest 1%, the rate of return on each of the four investments available to Clare. a. b. Which investment would you recommend to Clare, given her goal of maximizing the rate of return? return on an investment of $10,606 if