# Math

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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

• Math -

500*(1 + .025)^4 = 551.91

The lump sum (\$580) is more.

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