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You have inherited a sum of money from your long lost relative, Uncle Pennybags. You want to invest this money today so that you can

You have inherited a sum of money from your long lost relative, Uncle Pennybags. You want to invest this money today so that you can use it as a down payment on your first home. Which of the following three investment options should you choose to maximize your savings?

a. Mutual Fund A which pays 6.12% compounded monthly

b. Money Market B which pays 6.00% compounded quarterly

c. Regular Savings Account C which pays 5.90% compounded continuously

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