Question
A person wants to invest $16 comma 000 for 3 years and is considering two different investments. The first investment, a money market fund, pays
A person wants to invest $16 comma 000 for 3 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 5.9 % interest compounded daily. The second investment, a treasury note, pays 6.2 % annual interest. Which investment pays the most interest over the 3 -year period? Question content area bottom Part 1 Choose the correct answer below. A. The market fund is the better investment, since the market fund produces $enter your response here in interest, and the treasury note pays $enter your response here in interest. B. The treasury note is the better investment, since the market fund produces $enter your response here in interest, and the treasury note pays $enter your response here in interest. C. Both the market fund and the treasury note produce the same interest with $enter your response here .
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