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

Example of mixing problems, How much of a 50% alcohol solution should we mi...

How much of a 50% alcohol solution should we mix with 10 gallons of a 35% solution to get a 40% solution? Solution Let x is the amount of 50% solution which we need.  It me

Grade 8, what is 3.16 x 10^3= ?

what is 3.16 x 10^3= ?

Word problem.., In a certain class, one half of the male students and two t...

In a certain class, one half of the male students and two thirds of the female students speak Freanch. If there are three fourths as many girls as boys in the class. What fractio

Rings homomorphisms, if A is an ideal and phi is onto S,then phi(A)is an id...

if A is an ideal and phi is onto S,then phi(A)is an ideal.

Homework help, can you help answer this question please; four algebra formu...

can you help answer this question please; four algebra formulas for Amadeus traveled 760 miles in twice the time it took his nemesis Salieri to travel 220 miles. if Amadeus"s rate

#ineedhelp, How do you find perpendicular line equations?

How do you find perpendicular line equations?

Binary, changing of binary to hexadecimal

changing of binary to hexadecimal

Solving Absolute Value Equations, When is a problem an empty set and when d...

When is a problem an empty set and when do you have to solve for two problems when doing an equation?

Solve word problem, In his boat, Leonard can travel 24 miles upstream in t...

In his boat, Leonard can travel 24 miles upstream in the same time it takes to travel 36 miles downstream. If the rate of the current is 2 mph, find the rate of the boat in still

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