Business, 28.05.2021 01:10, MaliaHale

You are offered the following investments: You can invest $500 today and receive $600 in 5 years. The investment is low risk. You can invest the $500 in a bank account paying 4%. What is the implied interest rate for the first choice, and which investment should you choose

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You are offered the following investments: You can invest $500 today and receive $600 in 5 years. Th...