A business has a lump sum of cash available for investment for two years. Describe how to use future value calculations to compare investment options that have different periods and different interest rates.
What will be an ideal response?
Calculate the future value at 2 years (24 months, 730 days) for each of the investment options. If the investment options are equally safe and equally liquid, then choose the option with the greatest future value.
Health Professions
You might also like to view...
Which of the following is the protozoan organism that is associated with pneumonia in im-mune-compromised patients?
a. Schistosoma c. Pneumocystis b. Shigella d. Rickettsiae
Health Professions
Staphylococcus bacteria are shaped liked a bunch of grapes
Indicate whether the statement is true or false
Health Professions