Business math help, Algebra

Assignment Help:
Can you please expalin to me how to solve this question? I am totally lost.
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.

Related Discussions:- Business math help

Quadratic Regression, Determine a quadratic regression function that repres...

Determine a quadratic regression function that represents the distance the ball will travel in terms of its speed when it is hit at a 40 degree angle.

Complex solutions of quadratic equations, These are the only possibilities ...

These are the only possibilities for solving quadratic equations in standard form.  However Note that if we begin with rational expression in the equation we might get different so

Equations, What type of equation is used if a ball is thrown upward 1.63 me...

What type of equation is used if a ball is thrown upward 1.63 meters off the ground and it reaches 3.34 meters in height at 0.6 seconds before falling to the ground?

Distance word problem, Alex lives .4 miles from the park, beth lives .8 mil...

Alex lives .4 miles from the park, beth lives .8 miles from the park. To run equal distances Alex runs 8 times around the park and Beth run 6 times around the part. Write an equati

Equation in slope-intercept form, Find an equation of the line containing e...

Find an equation of the line containing each pair of points. Write your final answer in slope-intercept form. (-2,0) and (0,-7)

Equation of a line perpendicual to the given line , what is the equation of...

what is the equation of a line perpendicular to the given line y=-x+3;(-2,-2) but passing through the given point?

Ms. Pat, what is the simplified form of 5 square 32 - 4 square 18

what is the simplified form of 5 square 32 - 4 square 18

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