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work check You are deciding between two investment choices (1) you invest $185 at the beginning of each quarter for four years or (2) you
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You are deciding between two investment choices (1) you invest $185 at the beginning of each quarter for four years or (2) you invest $1900 as a lump-sum for 4 years. If the investments provide 3% interest rate, which offers the higher return? Investment 1 offers the higher retum; Investment 1 has a FV=$1800.81; Investment 2 has a FV=$1705.93 Imvestment 2 offers a higher return: investment 1 has a FV=$2025.92 and investment 2 has FV^=$3070.67 Investment 1 offers the higher return; Investment 1 has a FV=$3155.97 and 2 has a FV=$2,138.47 investment 2 has a higher return; Investment 1 has a FV=$1693.23; Investment 2 has a FV=$6,693.80 Step by Step Solution
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