Question: Problem 1 ( 1 5 marks ) : You are considering the following 3 investments, each with an upfront cost of $ 9 0 ,

Problem 1(15 marks): You are considering the following 3 investments, each with an upfront cost of $90,000 today. Which would you choose? Show your work to support your answer. a) $10,000 at the end of each year for 15 years with the first payment one year from today (end of year 1). APR of 6% with semi-annual compounding. (5 marks) b) $10,400 at the end of each year for 16 years with the first payment 2 years from today. APR of 7% with annual compounding. (4 marks) c) $8,800 at the end of each year for 17 years with the first payment one year from today (end of year 1). APR of 5% with monthly compounding. (6 mark

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