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Your friend has decided to take a business venture and open up a new food chain. You have $ 2 , 9 9 5 that
Your friend has decided to take a business venture and open up a new food chain. You have $ that you're looking to invest. You can choose one of the two options below.
Option A: Invest your money into a year CD that promises you in simple interest.
Option B: Invest in your friends company in which they promise you simple interest in years, unless the company goes belly upfails If the company fails you lose your investment.
a How much interest would you accrue with the CD $
b How much interest would you accrue with you friends company? $
c Which option would you choose and why?
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