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

Solve equations with more than one variable, Solve   A= P (1 + rt ) for r. ...

Solve   A= P (1 + rt ) for r. Solution Here is an expression in the form,                             r = Equation involving numbers, A, P, and t In other terms, th

Basic fact, What is a Math Basic Fact?

What is a Math Basic Fact?

Angles and sides, what is the missing angle of 37 degree and 92 drgees

what is the missing angle of 37 degree and 92 drgees

Stock with this question , Based on past experience, a production process r...

Based on past experience, a production process requires 15 hours of direct labour and 2 assemblers for every $450 of raw materials. If the company has budgeted for $33,750 worth of

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