Suppose that a person has the following choise of investing $10,000:
a) Placing the money in a savings account paying 6% compounded semiannually;
b) Investing in as business such that the value of the investment after 8 years is $16,000.
Which is the better choice?
a) Placing the money in a savings account paying 6% compounded semiannually;
b) Investing in as business such that the value of the investment after 8 years is $16,000.
Which is the better choice?