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A person wants to invest $ 1 0 , 0 0 0 for 2 years and is considering two different investments. The first investment, a
A person wants to invest $ for years and is considering two different investments. The first investment, a money market fund, pays a guaranteed interest compounded daily. The second investment, a tretasury note, pays annual interest. Which investment pays the most interest over the year period?
Select the correct choice below and, if necessary, fill in any answer boxes to complete your choice.
Do not round until the final answer. Then round to the nearest cent as needed.
A The market fund is the better investment, since the market fund produces $ in interest, and the treasury note pays $ in interest.
C Both the market fund and the treasury note produce the same interest with $
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