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# A person wants to invest $16,000 for 2 years and is consideringtwo different investments. The first investment, a moneymarket fund, pays a guaranteed 5.1% interest ... ## Question ###### A person wants to invest$16,000 for 2 years and is consideringtwo different investments. The first investment, a moneymarket fund, pays a guaranteed 5.1% interest compoundeddaily. The second investment, a treasury note, pays5.3% annual interest. Which investment pays the most interest overthe 2-year period?Select the correct choice below and, if necessary,fill in any answer box(es) to complete your choice.(Do not round until the final answer. Then round to the nearestcent as needed.)A.The marke

A person wants to invest $16,000 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 5.1% interest compounded daily. The second investment, a treasury note, pays 5.3% annual interest. Which investment pays the most interest over the 2-year period? Select the correct choice below and, if necessary, fill in any answer box(es) to complete your choice. (Do not round until the final answer. Then round to the nearest cent as needed.) A.The market fund is the better investment, since the market fund produces$Blank in interest, and the treasury note pays $Blank in interest. B.Both the market fund and the treasury note produce the same interest with$Blank. C.The treasury note is the better investment, since the market fund produces $Blank in interest, and the treasury note pays$Blank in interest. 2. Find the compound amount and the amount of interest earned by the deposit below. $2,000 at 7.68% compounded continuously for 8 years. What is the compound amount?$Blank (Do not round until the final answer. Then round to the nearest cent.)

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