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You have $12,000 in cash. You can deposit it today in a mutual fund earning 7.80 percent semiannually, or you can wait, enjoy some of

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You have $12,000 in cash. You can deposit it today in a mutual fund earning 7.80 percent semiannually, or you can wait, enjoy some of it, and invest $11,000 in your brother's business in two years, Your brother is promising you a return of at least 11,40 percent on your investment. Whichever alternative you choose, you will need to cash in at the end of 10 years. Assume your brother is trustworthy and both investments carry the same risk. Also assume you will not invest the $11,000 in the first two years. (Round intermediate calculations to 6 decimal places, es 2.512512 and final answers to 2 decimal ploces, es. 2,515.25. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) What would be the future value of the mutual fund imvestment

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