Consult the nearby graph to answer the following question. You have been asked to recommend a location for a botanical garden that will be used to propagate rare plants from the city of Mérida in the Yucatán Peninsula. Two sites are being considered, one in Bogotá, Colombia, the other in Rio de Janeiro, Brazil. Which would you recommend for establishment of this garden? Briefly explain your answer.
Definitions:
Compounded Semi-Annually
A method where interest is calculated and added to the principal balance twice a year.
Mortgage Loan
A loan used to purchase real estate, with the property itself serving as collateral for the loan.
Monthly Payments
Regular payments made each month, typically in the context of loans or leases.
Lump Sum
A one-time payment executed at a specific moment, rather than numerous smaller payments or installments.
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