The present value of the return

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Reference no: EM131981131

You are thinking about investing $4,790 in your? friend's landscaping business. Even though you know the investment is risky and you? can't be? sure, you expect your investment to be worth $5,783 next year. You notice that the rate for? one-year Treasury bills is 1%. However, you feel that other investments of equal risk to your? friend's landscape business offer an expected return of 10% for the year. What should you? do?

The present value of the return is $___.

?(Round to the nearest? cent.)

Reference no: EM131981131

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