Rishi singh has 1100 to invest his investment counselor, Ask an Expert

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Rishi Singh has $1,100 to invest. His investment counselor suggests an investment that pays no stated interest but will return $1,500 at the end of 4 years.

a. What annual rate of return will Rishi earn with this investment?

b. Rishi is considering another investment, of equal risk, that earns an annual return of 6.06?%. Which investment should he make, and why?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93061265

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