An investment company has Php10M to invest and has two options. Calculate the value of the investment under the two options. Which one would you recommend?

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Solutions = 9 points

correct choice = 2 points

Select one:

a. To invest in the money markets for 180 days at 5.5% which can be reinvested at maturity for another 180 days at 6.3%

b. To invest it in a term deposit for one year at 6%.

pls show steps