Question
A person wants to invest $22,000 for 3 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed
A person wants to invest $22,000 for 3 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 6.9% interest compounded daily. The second investment, a treasury note, pays 7.1% annual interest. Which investment pays the most interest over the 3-year period?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
