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August 28, 2014

August 28, 2014

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

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

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

- Math -
**drwls**, Friday, November 4, 2011 at 1:44am500*(1 + .025)^4 = 551.91

The lump sum ($580) is more.

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