Exercise 3.9 (Algo) Compare investment alternatives LO 3.2 Your friend Amber has approached you seeking...
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Exercise 3.9 (Algo) Compare investment alternatives LO 3.2 Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $575 to help establish a small business, her neighbor Riley would like to borrow $515 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $52 of income from Simone or $55 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. Compute the ROI of Simone and Riley. Note: Round your answers to 2 decimal places. Exercise 3-9 (Algo) Compare investment alternatives LO 3-2 Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $575 to help establish a small business, her neighbor Riley would like to borrow $515 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $52 of income from Simone or $55 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. a2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment
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