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

Math, i am in 6th grade..... and just test prep

i am in 6th grade..... and just test prep

Symmetry, In this section we will take a look at something that we utilized...

In this section we will take a look at something that we utilized back while we where graphing parabolas.  Though, we're going to take a more common view of it this section. Severa

Mixed numbers and improper fractions, how do you make the fraction 17 5ths ...

how do you make the fraction 17 5ths a mixed number?????

AS/A2 Coursework, I need to do a coursework for math but do not know what t...

I need to do a coursework for math but do not know what to do?

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