Question
A person wants to invest $18,000 for 33 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed
A person wants to invest $18,000 for 33 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 5.2% interest compounded daily. The second investment, a treasury note, pays 5.3% annual interest. Which investment pays the most interest over the 33-year period?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
