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

I just don''t get it, Determine which system below will produce infinitely ...

Determine which system below will produce infinitely many solutions. 2x + 5y = 24 2x + 5y = 42 3x - 2y = 15 6x + 5y = 11 4x - 3y = 9 -8x + 6y = -18 5x - 3y = 16 -2x + 3y =

Answer, 2-1-f+7=

2-1-f+7=

How would u work this problem out, 3/8=n/12

3/8=n/12

Algebra 2, How do I take two points, the rise and run, and produce an algeb...

How do I take two points, the rise and run, and produce an algebraic equation?

DEMAND AND SUPPLY, Qs1=-7+P1 (2) Qd1=15-P1+2P2+P3 (3) Qs1=Qd1

Qs1=-7+P1 (2) Qd1=15-P1+2P2+P3 (3) Qs1=Qd1

Area of a polygon., what is the area of a polygon.

what is the area of a polygon.

Factor theorem, Factor Theorem For the polynomial P ( x ) , 1. If va...

Factor Theorem For the polynomial P ( x ) , 1. If value of r is a zero of P ( x ) then x - r will be a factor of P ( x ) . 2. If x - r is a factor of P ( x ) then r will

Determine dimensions of the field using quadratic equation, we are going to...

we are going to fence into a rectangular field & we know that for some cause we desire the field to have an enclosed area of 75 ft2. We also know that we desire the width of the fi

Process for finding rational zeroes, Process for Finding Rational Zeroes ...

Process for Finding Rational Zeroes 1. Utilizes the rational root theorem to list all possible rational zeroes of the polynomial P ( x ) 2. Evaluate the polynomial at the nu

Pre algebra, A=8 AND R=2 THEN WHAT IS A+R-10

A=8 AND R=2 THEN WHAT IS A+R-10

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