Investing for the FutureYou have no other immediate needs and wants to start saving up for a down payment on a house. Youplan to invest what is left of your signing bonus (after paying off your credit card). Your bank offers twooptions. You can invest the money in a CD which pays simple interest at a rate of 3.82% or you caninvest the money in a Mutual Fund that offers 3.75% interest compounded semi-monthly. Bothinvestments would run for 9 years.How much money would you have from each account after 9 years?Which option should you choose?