Business, 30.10.2019 00:31 caitlynnoc1678

7. alice has $15,000 for investment purposes and suppose alice’s marr is 18% compounded monthly. her bank has offered the following three choices: a. a special savings certificate that will pay $200 each month for 5 years and a lump sum payment at the end of 5 years of $17,000. b. buy a share of a racehorse for $15,000 that will be worth $35,000 in 5 years. c. put the money, today, in a savings account that will have alice’s interest rate. calculate the annual worth of all options and make a recommendation to alice.

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7. alice has $15,000 for investment purposes and suppose alice’s marr is 18% compounded monthly. her...