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

Homework question, 75 band members need to raise a total of 8250.00 for a t...

75 band members need to raise a total of 8250.00 for a trip. So far they have raised 3120.00. How much money, in dollars, per band member, still needs to be raised for the trip

Simplifying radicals, I am stuck on solving this problem a^1/2/a^2. Can any...

I am stuck on solving this problem a^1/2/a^2. Can anyone help?

Algebraic reasoning, if im working out a problem that say 16 - t over 10 = ...

if im working out a problem that say 16 - t over 10 = -8 what be the answer

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

Goemetry, hello please help me on the solucion

hello please help me on the solucion

How do i do this, f(x)=5x2=5x-2 f(3)

f(x)=5x2=5x-2 f(3)

I need help, Do you accept screen shot because it is a graph.

Do you accept screen shot because it is a graph.

MULTIPLYING MONOMIALS AND POLYNOMIALS, WHAT IS 2(8Y-6C)

WHAT IS 2(8Y-6C)

Equations and Problem Solving, Is there anyone who can help me for free?

Is there anyone who can help me for free?

Equations and inequalities problem solving, 1.Ms. Nioka and seven of her fr...

1.Ms. Nioka and seven of her friends went out to eat. They decided to split the bill evenly. each person paid $8.73. What was the total bill.

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