MMF VALUE

6. MMF Value. Bart is a college student who has never invested his funds. He has saved $1,000 and has decided to invest it in a money market fund with an expected return of 2.0%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $20 at the time he withdraws Personal Finance, Fifth Edition, by Jeff Madura. Published by 172 Chapter 6 Managing Your Money Which investment will provide a higher return? In addition to return, what else should Thomas con- sider when making his investment decision