Thursday

July 24, 2014

July 24, 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.

**Related Questions**

Finance - Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded ...

math - Compute the compound quarterly amount after 1 year for $100 invested at ...

Math - What would be the amount of compound interest on $8,000 invested for one...

MatHematics - After a 20 year period Josh's lump sum investment matures to an ...

Math - If you deposit P dollars into a bank account paying an annual interest ...

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

math - An amount of $3000 was deposited in a bank at a rate of 2% annual ...

Finance - 3. Joe and Sue invested $2000 at Bank America in 1995, at 6% ...

Math - What would be the amount of compound interest on $8,000 invested for one ...