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

Help, Need solutions to two problems, y=x+4;(-7,1) y=-1/2x+1; (4,2)

Need solutions to two problems, y=x+4;(-7,1) y=-1/2x+1; (4,2)

Example of absolute value equations, Solve following.                   ...

Solve following.                                  |2x - 5 |= 9 Solution Now, recall that absolute value does not just make all minus signs in plus signs. In order to sol

Example of piecewise functions, Given,                   Evaluate...

Given,                   Evaluate g(6). Solution Before beginning the evaluations here let's think that we're using different letters for the function & variable

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

Negative Integer Exponents, In 1975, the U.S. Environmental protection agen...

In 1975, the U.S. Environmental protection agency set a standard of 50 parts per billion of lead in drinking water. In 1991, a new standard was set that safe water contains less th

Unitary method, What are the pre conditions to applying unitary method to a...

What are the pre conditions to applying unitary method to a given problem? e.g. We know that 37 degrees celsius is equal to 98.6 degrees fahrenheit, but 1 degrees celsius is not eq

Word problems, Five star coffee charges a 40 dollar start up fee and then 8...

Five star coffee charges a 40 dollar start up fee and then 8 dollars per month. Custom coffee company charges a 25 dollar start up fee and 12.50 dollars per month. In which time fr

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

Compound and simple interests, Scenario: A client comes to you for investme...

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

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