Answer:
Yes
Explanation:
Given that
Present value = $190,000
Future value = $287,280
Market interest rate = 8%
So to find out this investment should be made or not we have to calculate the percentage returns on investment that is equal to
= Future Value ÷ Present Value - 1
= $287,280 ÷ $190,000 - 1
= 51.20%
Since the investment return is more than the market interest rate so this investment should be made
