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

Constant function, It is probably the easiest function which we'll ever gra...

It is probably the easiest function which we'll ever graph and still it is one of the functions which tend to cause problems for students. The most general form for the constant

Non-linear systems, In this section we will discussed about non-linear syst...

In this section we will discussed about non-linear systems of equations.  A non-linear system of equations is a system wherein at least one of the variables contains an exponent ot

Permutations, Subject identification numbers in a certain scientific resear...

Subject identification numbers in a certain scientific research project consist of three digits followed by three letters and then three more digits. Assume repetitions are not all

Finding zeroes of polynomials, We've been talking regarding zeroes of polyn...

We've been talking regarding zeroes of polynomial and why we require them for a couple of sections now. However, we haven't really talked regarding how to actually determine them f

Properties, Describe the property used to convert the equation from one lin...

Describe the property used to convert the equation from one line to the next: 8y-(8+6y)=20

Quadratic equation, If a firm sellings its product at a price $p per unit, ...

If a firm sellings its product at a price $p per unit, customers would buy q units per day where q = 1,350 - p. The cost of producing q units per day is $C(q) where C(q) = 50q + 36

Linear inequalities, To this instance in this chapter we've concentrated on...

To this instance in this chapter we've concentrated on solving out equations.  Now it is time to switch gears a little & begin thinking regarding solving inequalities.  Before we g

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