You have $3500 you want to invest over the next 5 years. You want to know the best way to invest this money, so you need to find out some information. Contact a financial institution to inquire about at least 3 different investment products that they have available. Be sure to ask about:
any service charges involved in each option available
the interest rate offered
the frequency of compounding
any penalty for early redemption
level of risk involved
lock in period
Post a response to the Discussion Assignment 4 forum with the information you found. Make sure your response includes:
Information on the 3 (or more) investment products you investigated (use the checklist above)
A discussion of whether there would be any different products or different rates available if you had twice this value to invest
The basis for your calculation of interest earned on your $3500 investment, the total interest you would expect to earn, and the total value of the investment at the end of 5 years
A recommended course of action for investing the $3500 over the next 5 years.