Posted by **Michael** on Thursday, November 3, 2011 at 11:10pm.

Which would amount to more money on December 31 of this year: $500 invested on January 1st of this year at 10% annual interest compounded quarterly; or a lump sum payment of $580?

(a) the $500 investment (b) both are the same

(c) the $580 lump sum (d) there is not enough information to determine

## Answer This Question

## Related Questions

- Finance - Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded ...
- MATH!! - Joe and Susan invested $1500 at Bank of America in 2000, at 4% ...
- Algebra II - I'm pretty confused about these problems. We're learning growth and...
- Algebra - I really need your help in solving this problem. I really appreciate ...
- MatHematics - After a 20 year period Josh's lump sum investment matures to an ...
- math - the compound amount on an investment of $8,500 at 12% interest, ...
- math - he compound amount on an investment of $8,500 at 12% interest, compounded...
- Finance - 3. Joe and Sue invested $2000 at Bank America in 1995, at 6% ...
- lim - I'm completely drawing a blank on how to do this. A woman has $500,000 ...
- college algebra - I'm completely drawing a blank on how to do this. A woman has...

More Related Questions