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

Solving addition equations, Alice bought a round-trip ticket to fly from Ba...

Alice bought a round-trip ticket to fly from Baltimore to Chicago on SuperAir for $250. That was $16 more than she would have on Jet Airlines, which only offered a one-way fair. Ho

Quadratic function to vertex form, write the following function x^2-2x-1 in...

write the following function x^2-2x-1 in the form of y=a(x-h)^2+k

Add, add - 3a + b - 10 -6c, c -d- a + 9 and - 4c +2a - 3b - 7

add - 3a + b - 10 -6c, c -d- a + 9 and - 4c +2a - 3b - 7

True inequality, We have to give one last note on interval notation before ...

We have to give one last note on interval notation before moving on to solving inequalities. Always recall that while we are writing down an interval notation for inequality that t

Project, how many car washes can you get at the has station and still pay l...

how many car washes can you get at the has station and still pay less than 32.99 if the local gas station is 10.95 plus tax

Backtracking equations, I need some help with Backtracking equations.I have...

I need some help with Backtracking equations.I have a quiz tomorrow, and i was hoping that you guys could help.

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