A person wants to invest $ 1 6 , 0 0 0 for 2 years and is
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Question:
A person wants to invest $ for years and is considering two different investments. The first investment, a money market fund, pays a guaranteed interest compounded daily. The second a treasury note, pays annual interest. Which investment pays the most interest over the year period?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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