Question

A person wants to invest ​$ 19 comma 000 19,000 for 3 3 years and is considering two different investments. The first​ investment, a money market​ fund, pays a guaranteed 5.7​% interest compounded daily. The second​ investment, a treasury​ note, pays 5.9​% annual interest. Which investment pays the most interest over the 3 3​-year ​period? Choose the correct answer below.

A. The market fund market fund is the better​ investment, since the market fund produces ​$ nothing in​ interest, and the treasury note pays ​$ nothing in interest.

B. The treasury note treasury note is the better​ investment, since the market fund produces ​$ nothing in​ interest, and the treasury note pays ​$ nothing in interest.

C. Both the market fund and the treasury note produce the same interest with ​$ nothing . ​(Round to the nearest cent as​ needed.)

Answer 1