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Jack strap has $1800 to invest over 2 years and needs to choose between two companies to invest in: i) Investment in CCM will earn 6% compounded semi...
Jack strap has $1800 to invest over 2 years and needs to choose between two companies to invest in:i) Investment in CCM will earn 6% compounded semi annually.ii) Investment in Itech will earn 5.9% compounded monthly.A) For each option above determine valueof investment aftet two years. Where should Jack invest?B) Suppose Jack invests $4000 in Itech and $14000 in CCM. Determine the value of investment after 2 yrsC) Assuming Jack could invest for longer period of time, how long would it take for investment in CCM to triple its value at thw very least (i, e $54000)? Round answer to 3 decimal
