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

#title.Liz, A team needs to save up $400 for new uniforms and currently has...

A team needs to save up $400 for new uniforms and currently has $190. They decide to hold a fundraiser where they can earn a $7 profit for each item sold. What equation could be s

Add a multiple of a row to another row, Add a Multiple of a Row to Another ...

Add a Multiple of a Row to Another Row.   In the operation we will replace row i with the addition of row i & a constant, c, times row j. The notation we'll utilize for this operat

Quadratic equations, Before proceeding with this section we have to note th...

Before proceeding with this section we have to note that the topic of solving quadratic equations will be covered into two sections. It is done for the advantage of those viewing t

I dont get it , where and how does the letter a and b where and how do u us...

where and how does the letter a and b where and how do u use them

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

Problem solving, Taylor is 7 years younger than Lisa Lila is 3 x Lisa''s ag...

Taylor is 7 years younger than Lisa Lila is 3 x Lisa''s age if Lisa''s age is represented by x create an expression that represents the total age of all three girls

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