Essay
You have invested $50,000 in the start-up of your friend's biotech business.He has offered you the following three repayment options.Interest rates are currently at 8%.Which one do you prefer? Support your answer.Are there any other factors you would like to consider?
A) A $75,000 lump sum payment in 5 years.B) 10 years of monthly payments of $725.
C) Monthly payments of $500 for 20 years and a final single payment of your full $50,000.
Correct Answer:

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A) 75,000/(1.08)5 = 51,044
B)...View Answer
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Correct Answer:
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B)...
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