PLEASE HELP MEE Financial Mathematics:
Tovah has just inherited $40 000 and is looking for a good investment.
Option A: Buy a house. The house she is considering costs $320 000.
She would make a 10% down payment and get a 30-year mortgage at
9.9% interest, compounded monthly. She is counting on annual appreciation
of 2.5%. She would live in the house for 4 years and then sell it.
Option B: Invest in a GIC that will pay 2.5% interest, compounded monthly,
for 3 years.
Which investment is better? Explain.​