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

Trinomials, Simplify 3(x-2)to the second -2(x+1)

Simplify 3(x-2)to the second -2(x+1)

Math104, financial Project. Five years ago , you bought a house for $171,00...

financial Project. Five years ago , you bought a house for $171,000, with a down payment of $30,000, which meant you took out a loan for $141,000.Your interest rate was 5.75% fixed

Complex numbers, -56

-56

Find out angle of a triangle, Let a = 2 cm, b = 6 cm, and angle A = 6...

Let a = 2 cm, b = 6 cm, and angle A = 60°. How many solutions are there for angle B We must calculate b sin A . If it is less than a , there will be

Homework, Write the equation of the circle in standard form. Find the cente...

Write the equation of the circle in standard form. Find the center, radius, intercepts, and graph the circle. x2+y2+16x-18y+145=25

Numbers, is it free

is it free

Real distinct solutions, By Using the discriminant find out which solution ...

By Using the discriminant find out which solution set we obatin for each of the following quadratic equations. 13x 2 +1= 5x Soluti

Mr ashley, i need help on quadraics formulas

i need help on quadraics formulas

Manipulation properties of the logarithm, For these properties we will supp...

For these properties we will suppose that x > 0 and y > 0 log b ( xy ) = log b x + log b y log b ( x/y) = log b x - log b y log b (x r ) = r log x If log

Quadratic equations.., x + y =2 , 2x- y =0

x + y =2 , 2x- y =0

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