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

Quiz, Solve 2x2 = 128. (Points : 1) {±8} {±6} {±64} ...

Solve 2x2 = 128. (Points : 1) {±8} {±6} {±64} {±32}

.., how do you round

how do you round

Need help with a word problem, a rectangular table is five times as long as...

a rectangular table is five times as long as it is wide. if the area is 45ft2, find the length and width of the table..

.., 2 bicyclist riding on a circular track start at the same time. one can ...

2 bicyclist riding on a circular track start at the same time. one can make it around the track in 8 min. the other takes 10 min. how long will it take the faster bicyclist to catc

Solve equation by geometric standpoint, Solve each of the following.    ...

Solve each of the following.                              |x - 2 | = 3x + 1 Solution At first glance the formula we utilized above will do us no good here.  It needs the

Write Your Message!

Captcha
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!

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