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

Need help with this question.., Three friends are selling items at a bake s...

Three friends are selling items at a bake sale. May makes $23.25 selling bread. Inez sells gift baskets and makes 100 times as much as May. Carolyn sells pies and makes one tenth o

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

Exchange rate, #question. in january sunanda changed 25000 pounds into doll...

#question. in january sunanda changed 25000 pounds into dollars when the exchange rate was $1.96= 1 pounin june she changed the dallars back into when the exchange rate was $1.75=1

.., how do you round

how do you round

Completing the square process, As a last topic in this section we have to b...

As a last topic in this section we have to briefly talk about how to take a parabola in the general form & convert it into the following form

Inequalities word problem, Activity 1: Graphing To fill an order for Sizzli...

Activity 1: Graphing To fill an order for Sizzlin'' Sauce sauces, you bought 1050 green peppers and 1200 hot chili peppers. • Write and graph a system of inequalities to represent

Simplify, -4(2y+x)-5(x-5y) simplify

-4(2y+x)-5(x-5y) simplify

Radical simplifying, (M^1/4n^1/2)^2(m2n3)^1/2

(M^1/4n^1/2)^2(m2n3)^1/2

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?

Models an functions.., resolve this a(x)=\/x-4+3

resolve this a(x)=\/x-4+3

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