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Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for
Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $515 to help establish a small business; her neighbor Riley would like to borrow $710 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $46 of income from Simone or $49 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. Req Al Req A2 and B Compute the ROI of Simone and Riley. Note: Round your answers to 2 decimal places. ROI Simone Riley 108 93 % % Show less A
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