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Rate of return Personal Finance Problem Rishi Singh has $1,300 to invest

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Rate of return Personal Finance Problem Rishi Singh has $1,300 to invest. His investment counselor suggests that Rishi should buy an investment that pays no interest but will be worth $1,700 after 2 years. a. What average annual rate of return will Rishi earn with this investment? b. Rishi is considering another investment, of equal risk, that earns an annual return of 12.35%. Which investment should he make, and why? a. The annual rate of return Rishi will earn with this investment, r, is 0% (Round to two decimal places.)