"Problem $3-2$

You would like to invest $$25,000$ for one year and are considering two options. Investment A will earn interest at a rate of $6$ percent compounded monthly. Investment B will earn interest at a rate of $7$ percent compounded annually. $($Hint$.$ Consider one year only.$)$

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a$.$ What will be the value of Investment A $?$

Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar.

b$.$ What will be the value of Investment B $?$

Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar.

c$.$ Which investment would you prefer solely based on the value of investment?

a$.$ Investment A

b$.$ Investment B

c$.$ Preferred investment