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A person wants to invest $13,000 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed
A person wants to invest $13,000 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 6.2% interest compounded daily. The second investment, a treasury note, pays 6.3% annual interest. Which investment pays the most interest over the 2-year period?
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