Your best friend just received a gift of $10,000 from his favourite aunt. He wants to save the money to open his own business after school. He can (1) invest it risk-free at 3%, (2) take on moderate risk at 6%, or (3) take on high risk at 18%. Help your friend project the investment's worth at the end of five years under each investment strategy and explain the results to him.

Question

Quizplus · Accepted Answer

The Answer of Your best friend just received a gift of $10,000 from his favourite aunt. He wants to save the money to open his own business after school. He can (1) invest it risk-free at 3%, (2) take on moderate risk at 6%, or (3) take on high risk at 18%. Help your friend project the investment's worth at the end of five years under each investment strategy and explain the results to him.

Your Best Friend Just Received a Gift of $10,000 from His