Rishi Singh has $3 comma 2003,200 to invest. His investment counselor suggests that Rishi should buy an investment that pays no interest but will be worth $4 comma 3004,300 after 99 years. a. What average annual rate of return will Rishi earn with this investment? b. Rishi is considering another investment, of equal risk, that earns an annual return of 1.341.34% . Which investment should he make, and why?
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Rishi Singh has $3 comma 2003,200 to invest. His investment counselor suggests that Rishi should buy...
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