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Laura is willing to invest $45,000 for three years, and is an economically rational investor....

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Laura is willing to invest $45,000 for three years, and is an economically rational investor. She has identified three investment alternatives (L, M, and P) that vary in their method of calculating interest and in the annual interest rate offered. Since she can only make one investment during the three year investment period, complete the following table and indicate whether Laura should invest in each of the investments. Note: When calculating each investment's future value, assume that all interest is eamed annually. The final value should be rounded to the neare whole dollar earest No Investment Expected Future Value Make thi ment? L Interest Rate and Method 9% compound Interest 8% simple interest 15% compound interest M P S

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