1. You have GBP 1,000 and are considering two investment opportunities. Investment 1 pays interest at the rate of 11% per year, compounded annually (11% nominal APR) while Investment 2 pays interest at the rate of 10.5% a year, compounded daily (10.5% nominal APR). Assuming a 365-day year, and that you invested GBP 1,000 at the beginning of the year then which of the following would be true at the end of the year? Investment 2 would earn you an extra 1.85 more than Investment I Investment I would earn you an extra 2.00 more than Investment 2 Investment I would earn you an extra 1.85 more than Investment 2 Investment 2 would earn you an extra 0.69 more than Investment 1 Investment 1 would earn you an extra 0.69 more than Investment 2