A quarter of a million dollars is inherited from a rich uncle and it is expected to be placed into one or more financial institutions until my 21st birthday day. I cannot invest in shares or any property either directly or indirectly. After researching various banks and institutions, it is found that there are numerous types of investments available to me, each with its advantages and disadvantages. They are

,,X Term deposits

,,X Cash management accounts

,,X Managed funds

,,X Debentures

All of these types of investments will be explained, and decide on how to invest the inheritance based on the three selection criteria.

Three different criteria chosen were in order to judge the four types of investments and to compare the two accounts that I will invest in according to this criteria.

1. Rate of Return- This is the most important criteria that was assessed. This includes the...