compound and simple interests, Algebra

compound and simple interests, Algebra

Assignment Help:

Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option would be the best for his investment. Option 1: 6% compounded interest quarterly for 5 years. Option 2: 8% compounded interest annually for 5 years. Option 3: 14.5% simple interest for 10 years. Write a professional memo that covers the following information: Explain to the client the main differences between simple interest versus compound interest. Explain the results of the three different options by showing the client the step-by-step calculations. Explain which investment option is better for your client and why.

Related Discussions:- compound and simple interests

Polynomials and factoring, how can you model the addition of polynomials wi...

how can you model the addition of polynomials with algebra tiles

Integral probability , The integral arises in probability theory. ...

The integral arises in probability theory. (a) Consult the library or Internet to find how this integral relates to the calculationof a probability using the Normal dist

Integers, how do we add integers

how do we add integers

Double inequality, The following is a double inequality. ...

The following is a double inequality. -9 In a double inequality we are saying that both of the inequalities

Algebric properties and equations, (2+x)+y=2+(x+y)

(2+x)+y=2+(x+y)

Use Substitution to solve each system of equations., 2x-y=32 2x+y=60

2x-y=32 2x+y=60

Exponential function, brief explanation

brief explanation

Interval notation, I can find what x means I just cant do the interval nota...

I can find what x means I just cant do the interval notation correctly

Solving problems, what is the square root of 169

what is the square root of 169

Question, mary and susan had a total of 310 stamps. after mary bought anoth...

mary and susan had a total of 310 stamps. after mary bought another 56 stamps and susan gave away half of her stamps, they both had the same number of stamps. How many stamps did m

Write Your Message!

Name

Email id

Message

Verfication Code

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd