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Your best friend from high school approaches with to invest $10,000 with him and promises that this investment will yield you the following cash flow.
Your best friend from high school approaches with to invest $10,000 with him and promises that this investment will yield you the following cash flow. If the rate is 5%, would you invest? Please make sure you use your calculations to support your decision. Please also explain why you arrive at your conclusion.
Year 1 = $1,000
Year 2 = $2,000
Year 3 = $3,200
Year 4 = $3,500
Year 5 = $3,000
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