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You are considering the following 3 investments, each with an upfront cost of $45,000 today. Which would you choose? Show your work to support your
You are considering the following 3 investments, each with an upfront cost of $45,000 today. Which would you choose? Show your work to support your answer. a) $5,000 at the end of each year for 15 years with the first payment one year from today (end of year 1). APR of 6% with semi-annual compounding b) $5,200 for 16 years with the first payment 2 years from today. APR of 7% with annual compounding c) $4,400 at the end of each for 17 years with the first payment one year from today (end of year 1). APR of 5% with monthly compounding
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