Help your friend project the investments worth at the end

Reference no: EM13483892 , Length: 10

Your best friend just received a gift of $7,000 from his favorite aunt. He wants to save the money to use as "starter" money after college. He can invest it (1) risk-free at 6%, (2) taking on moderate risk at 8%, or (3) taking on high risk at 14%.

Help your friend project the investment's worth at the end of four years under each investment strategy and explain the results to him.

Reference no: EM13483892

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