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Xena is thinking about what to do with her money. She has $20,000 in the bank earning 4% per year (variable rate). She has an
Xena is thinking about what to do with her money. She has $20,000 in the bank earning 4% per year (variable rate). She has an option of investing that money into a project which will pay her $10,000 in one year, $8,000 in two years, and $3,000 in three years. Should Xena invest? Discuss all relevant factors to support your decision.
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