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!, you have just been hired as manager of pi pizza, a small business th...

you have just been hired as manager of pi pizza, a small business that makes frozen pizzas for sale. Pi makes 12 inch pizzas for a profit of $2 a box and 16 inch pizzas for a profi

Expanding brackets.., how to expand when asked to divide, multiply etc

how to expand when asked to divide, multiply etc

Solving Matrix equation, How do I solve this equation (the left side is a m...

How do I solve this equation (the left side is a matrix: 0 0 -1 3 x 0 = x^2 2 0 3

Writing linear equations, If you sell a kayak for $400 and your sales per d...

If you sell a kayak for $400 and your sales per day averages $5200. Assume the sales per day is a linear function of price of kayak. write an equation describing the relationship.

Venn diagram, ``A car dealer has 22 vehicles on his lot. If 8 of the vehicl...

``A car dealer has 22 vehicles on his lot. If 8 of the vehicles are vans and 6 of the vehicles are red, and 10 vehicles are neither vans nor red, how many red vans does he have on

#title.writing and using inequalities, six is at least four more than a nu...

six is at least four more than a number. write the inequality represents in this sentence

Multiplicity of the zero, The given fact will relate all of these ideas to ...

The given fact will relate all of these ideas to the multiplicity of the zero. Fact If x = r is a zero of the polynomial P (x) along with multiplicity k then, 1.   If th

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