6.44 Travis Wenzel has $2,000 to invest. Usually, he would deposit the money in his savings account, which earns 6% interest compounded monthly. However, he is considering three alternative invest- ment opportunities. Option 1. Purchasing a bond for $2,000. The bond has a face value of $2,000 and pays $100 every six months for three years, after which time the bond matures. Option 2. Buying and holding a stock that per year for three years. 11% grows Option 3. Making a personal loan of $2,000 to a friend and receiving $150 per year for three years. 6.44 Travis Wenzel has $2,000 to invest. Usually, he would deposit the money in his savings account, which earns 6% interest compounded monthly. However, he is considering three alternative invest- ment opportunities. Option 1. Purchasing a bond for $2,000. The bond has a face value of $2,000 and pays $100 every six months for three years, after which time the bond matures. Option 2. Buying and holding a stock that per year for three years. 11% grows Option 3. Making a personal loan of $2,000 to a friend and receiving $150 per year for three years