You would like to invest $25,900 for one year and are considering two options. Investment A will earn interest at a rate of 7 percent compounded monthly. Investment B will earn interest at a rate of 8 percent compounded annually. (Hint: Consider one year only.) Required:

a. What will be the value of Investment A?

Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.

b. What will be the value of Investment B?