Question: Lucas is deciding between three options to spend his $ 8 , 0 0 0 bonus. Which of the following options will give Lucas the

Lucas is deciding between three options to spend his $8,000 bonus. Which of the following options will give Lucas the most money after 1 year? Which will result in the highest return on investment?
Option A -He can open an $8,000 CD account, 12% interest, 1 year, interest compounded monthly.
Option B - He can deposit $667 each month for 12 months into a savings account earning 12% compounded monthly.
Option C - He can purchase 8 t-bills with a face value of $1,000 each at a discount of $980 each. The Treasury bills mature in 1 year.

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