You have $5,500 in cash. you can deposit it today in a mutual fund earning 4.5% interest, compounded quarterly. or, you can wait, enjoy some of it, and invest $4,500 in your classmate’s start-up business in 2 years. your classmate is promising you a return of 8% apr on your investment. whichever investment you choose, you will need to cash in at the end of 10 years from today. assume your classmate is trustworthy and both investments carry the same risk! which one will you choose? ( do not base your answer on how much fun you will have spending that $1,000 over 2 years! )

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game. expert answer