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A corporate treasurer is looking to invest $ 600,000 for at most 60 days before they are required for a large corporate investment. The treasurer

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A corporate treasurer is looking to invest $ 600,000 for at most 60 days before they are required for a large corporate investment. The treasurer has narrowed his choices to two money market instruments. Choice A is an investment in high grade commercial paper that matures in 55 days. The commercial paper rate is 3.08% expressed on a discount basis and assuming a 360 day year. Choice B is an investment in T-bills that mature in 59 days. The T-Bill rate is quoted at 2.95% expressed as a nominal annual rate (Bond Equivalent Yield basis). If he picks choice A, what is the Future value of that investment choice? Express answer to 2 decimal places If he picks choice B, what is the Future value of that investment choice? Express answer to 2 decimal places Given the results of your analysis above, which is the best alternative? Enter A or B -->

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