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You are thinking about investing S4,717 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure, you
You are thinking about investing S4,717 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure, you expect your investment to be worth $5,738 next year. You notice that the rate for one-year Treasury bills is 1%. However, you feel that other investments of equal risk to your friend's landscape business offer an expected return of 7% for the year. What should you do? The present value of the return is $. (Round to the nearest cent.)
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