Given a choice of two investments, would you choose one that pays a total return of 10 percent over 10 years or one that pays 0.2 percent per month for 10 years? What annual rate of return does each give you?

Instruction:Enter your answers in percentages to the nearest hundredth, for example, 3.00 for 3 percent.

The return of 10 percent over 10 years provides an annual return ofpercent.

The return of 0.2 percent per month for 10 years provides an annual return ofpercent.

The investment that pays(Click to select)

a total return 10 percent over 10 years

0.2 percent per month over 10 years

is preferable.