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

Solving equations, 7w+2=3w+94

7w+2=3w+94

Pricing problems, Pricing Problems Below give problem deal with some ba...

Pricing Problems Below give problem deal with some basic principles of pricing. Example A particular calculator has been marked up as 15% & is being sold for $78.50. How m

Weq, wqdweq wqre

wqdweq wqre

Elimination Method, x+y=5 Y+-2x+5

x+y=5 Y+-2x+5

Hyperbolas, Find the standard form equation for... 4x^2-y^2+24x+4y+28=0

Find the standard form equation for... 4x^2-y^2+24x+4y+28=0

Exponential function, brief explanation

brief explanation

Goemetry, hello please help me on the solucion

hello please help me on the solucion

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

College Algebra Test Quesion, An inlet pipe can fill a large water tank in ...

An inlet pipe can fill a large water tank in 4 hours. Another inlet pipe can fill the same water tank in 5 hours. Given an empty water tank, at 8:00 AM, activate both pipes. What t

FINANCE, Finance is the field of science that explains the management of fu...

Finance is the field of science that explains the management of funds. The areas that generally come under finance are personal finance, business finance, and public finance. The f

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