Posttest $1-$ Finance

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Quiz Information

Question $4(10$ points$)$

Maya has inherited $$100,000$ for her relatives estate. She will invest the money for $3$ years. She is considering two investments: a money market fund that pays a guaranteed $3\mathrm{.}7\%$ interest compounded daily and a $3-$year Treasury note at $4\%$ simple $.$ interest. How much interest does each option return? Which investment pays the most interest over the $3-$year period?

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