Miguel has the opportunity to invest $3000 in a friend's business such that he will be repaid $4500 in six years.On the other hand,he can put the $3000 in a savings account that pays 5.5% compounded quarterly.Which investment is better?

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The Answer of Miguel has the opportunity to invest $3000 in a friend's business such that he will be repaid $4500 in six years.On the other hand,he can put the $3000 in a savings account that pays 5.5% compounded quarterly.Which investment is better?

Miguel Has the Opportunity to Invest $3000 in a Friend's