Problem

Compare investment alternatives Two acquaintances have approached youabout investing in bu...

Compare investment alternatives Two acquaintances have approached you

about investing in business activities in which each is involved. Julie is seeking $560 and Sam needs $620. One year from now your original investment will be returned, along with $50 income from Julie or $53 income from Sam. You can make only one investment.

Required:

a.Which investment would you prefer? Why? Round your percentage answer to two decimal places.



b. What other factors should you consider before making either investment?

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