You want to invest $10,000 in a business opportunity.If you keep the money invested in the business for two years,you will receive $11,000 back.If you keep the money invested in the business for five years,you will receive $13,000 back.Currently,the money is in your savings account,which earns 5% interest,compounded annually.
a.What is the future value of the money if it remains in your savings account for two years?
b.What is the future value of the money if it remains in your savings account for five years?
c.Is it better to invest in the business for two years,five years,or not at all? Why?

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The Answer of You want to invest $10,000 in a business opportunity.If you keep the money invested in the business for two years,you will receive $11,000 back.If you keep the money invested in the business for five years,you will receive $13,000 back.Currently,the money is in your savings account,which earns 5% interest,compounded annually.
a.What is the future value of the money if it remains in your savings account for two years?
b.What is the future value of the money if it remains in your savings account for five years?
c.Is it better to invest in the business for two years,five years,or not at all? Why?

You Want to Invest $10,000 in a Business Opportunity