Problem

Compare investment alternatives Two acquaintances have approached you about investin...

Compare investment alternatives Two acquaintances have approached you about investing in business activities in which each is involved. Nateisha is seeking $2,800 and Tian needs $3,600. One year from now your original investment will be returned, along with $252 income from Nateisha or $306 income from Tian. 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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Solutions For Problems in Chapter 3