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; standing committee;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know