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

Find the zeros of a function, 3y+2.5x+3.4 use graphing calculator and the x...

3y+2.5x+3.4 use graphing calculator and the x intercept approach. Use window[-3,3,1][-3,3,1]

Probability, Your school holds a spring carnival each year to raise money f...

Your school holds a spring carnival each year to raise money for local charities. you are running a carnival game called lucky seven. the player must choose whether to throw a dart

Linear combination(elimination), x-y=11 x+y=19

x-y=11 x+y=19

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

Prisms, how do i find the are of a triangular prism if the number that i mu...

how do i find the are of a triangular prism if the number that i multiply is an odd number and i have to divide by 2

Graph a inequality, -3x+4y>-12

-3x+4y>-12

Parent functions, find th e parent function g(x) = -(x + 8)2 + 4

find th e parent function g(x) = -(x + 8)2 + 4

Fractional expressions, can you help with my college algebra homework?

can you help with my college algebra homework?

Simplifing, how to simplifie radicals

how to simplifie radicals

Finding average rate, Four pounds of appples cost $1.96

Four pounds of appples cost $1.96

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