Aperson wants to invest $24,000 for 2 years and is considering two different investments. the first investment, a money market fund, pays a guaranteed 6.7% interest compounded daily. the second investment, a treasury note, pays 6.8% annual interest. which investment pays the most interest over the 2-year period?

The first investment in money market fund.

Explanation:

The first investment, a money market fund, pays a guaranteed 6.7% interest compounded;

Compound Interest Calculation

=

=

=$27,323.74 - $24,000

=$3,323.74

The person will get a total interest of $3,323.74 in 2 years

The second investment, a treasury note, pays 6.8% annual interest

=$24,000 * (6.8/100) = $1,632

= $1,632  * 2 = $3,264

The person will get a total interest of $3,264 in 2 years

With the above computations. It will be favourable if the person invested in the money market fund.

answer; (10%) commission;

answer; personality;