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

Math, 4x/y-3x/y+5x/y-x/y

4x/y-3x/y+5x/y-x/y

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

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

Quadratic, how to get the perfect square

how to get the perfect square

Need help Urgently!, I have quite a complex formula I need resolved, I can'...

I have quite a complex formula I need resolved, I can''t get my head around. I have got so far but I personally don''t know how to proceed further. HELP!

Exponential growth and decay, There are several quantities out there within...

There are several quantities out there within the world which are governed (at least for a short time period) by the equation,

Dayana, a group of circus tickets cost $12 for your 3 children.if your chil...

a group of circus tickets cost $12 for your 3 children.if your children invite a total of 7 friends you can get a discount and the total would be $30. what is the rate of change?

Find the solution of the system, Example Solve out the following system of ...

Example Solve out the following system of equations. x 2 + y 2 = 10 2 x + y = 1 Solution In linear systems we had the alternative of using either method on any gi

Which quantity is bigger?, Sam is twice as old as John was two years ago. I...

Sam is twice as old as John was two years ago. If the difference between their ages be 2 years, how old is Sam today?

Quadratic function, Which shows the quadratic function f(x) = 2(x - 4)2 - ...

Which shows the quadratic function f(x) = 2(x - 4)2 - 7 in standard form?

Fractions, how do you solve a different fractions

how do you solve a different fractions

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