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

Fractional expressions, can you help with my college algebra homework?

can you help with my college algebra homework?

Help me , The city of Eden would like to put in a new street that runs para...

The city of Eden would like to put in a new street that runs parallel to Harrington Highway because of traffic issues. The equation of Harrington Highway is y = -2x + 7. What wil

Formula, using the formula for the difference between two squares,factor th...

using the formula for the difference between two squares,factor the following : 5-x

Inequalities, Labrador retrievers that compete in field trials typically co...

Labrador retrievers that compete in field trials typically cost $2,000 at birth. Professional trainers charge $400 to $1,000 per month to train the dogs. If the dog is a champion b

Linear equation and application, Aubrey is 5 years younger than her brother...

Aubrey is 5 years younger than her brother is and three years ago the sum of their ages was 23 years. How old is each now?

Exponential function, Exponential function As a last topic in this sect...

Exponential function As a last topic in this section we have to discuss a special exponential function. Actually this is so special that for several people it is THE exponenti

Augmented matrices, In this section we have to take a look at the third met...

In this section we have to take a look at the third method for solving out systems of equations. For systems of two equations it is possibly a little more complex than the methods

ORDERED PAIRS, BEST WAY TO FIND ORDERED PAIRS

BEST WAY TO FIND ORDERED PAIRS

Graphing question, how do I graph the equation y= -1/x

how do I graph the equation y= -1/x

Exponential function, brief explanation

brief explanation

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