Thomas can invest $ 10,000 by purchasing a 1- year T- bill for $ 9,275, or he

Question:

Thomas can invest $ 10,000 by purchasing a 1- year T- bill for $ 9,275, or he can place the $ 10,000 in a 12- month CD paying 8%.
Which investment will provide a higher return? In addition to return, what else should Thomas consider when making his investment decision?