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

Rational expressions, I am looking the domain of g^2-6g-55/g. The denominat...

I am looking the domain of g^2-6g-55/g. The denominator here can be also be written as 1g, right?

Find the solution of the system, Example Solve out the following system of ...

Example Solve out the following system of equations. x 2 + y 2  = 10 2 x + y = 1 Solution In linear systems we had the alternative of using either method on any gi

Exponetial growth and decay, in the year 2000, radio stations numbered 220....

in the year 2000, radio stations numbered 220. The number of stations has since increased by approximatly 14.3% per year. Let x represent the number of years since 2000,and y repre

Q1, I have a 12.2 bottle of mustard. I use 1/20 of mustard per serving per ...

I have a 12.2 bottle of mustard. I use 1/20 of mustard per serving per hot doog. How much mustard do I have left after 4 servings of hot dogs.

Problem, Solve the system algebraically. x - 2y - 3z = negative-1 2x + y ...

Solve the system algebraically. x - 2y - 3z = negative-1 2x + y + z = 6 x + 3y - 2z = negative13

Ratios, Lee is taking some friends on a picnic. They''ll need to follow a p...

Lee is taking some friends on a picnic. They''ll need to follow a path to get to the picnic spot. A map of the path is based on a scale of 1:30,000, in cm. If the path is 12 cm on

Factorable quadratic equation, Let's begin with                         ...

Let's begin with                                                       x 2 + bx and notice that the x 2 hold a coefficient of one. That is needed in order to do this. Now,

Y=a+bx, how do you solve this#question with (3,5)and (2,1) ..

how do you solve this#question with (3,5)and (2,1) ..

Advantage and disadvantage of using algebraic distance, 1) The goal of the ...

1) The goal of the first questions is to implement some code that performs calibration using the method described in the book; by first computing a projection matrix, and then deco

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