Two acquaintances have approached you about investing in business activities in

Question

Two acquaintances have approached you about investing in business activities in which each is involved. Velterine is seeking $575 and Francis needs $560. One year from now your original investment will be returned, along with $52 income from Velterine or $55 income from Francis. You can make only one investment.

Required:

a-1. Compute the ROI of Velterine and Francis. (Round your answers to 2 decimal places.)

a-2. Which investment would you prefer? choose correct answer

b. What other factors should you consider before making either investment? choose correct answer

Explanation / Answer

a1 ROI : Velterine 9.04% =52/575 Francis 9.82% =55/560 a2 Francis b Risk

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