Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

biggstann Group Title

a client comes to you for an investment advice on his $500,000 winnings from the lottery. which of these options would be the best for his investment 6% compounded interest quarterly for 5 years or 8% compounded interest annually for 5 years or 14.5% simple interest for 10 years.

  • one year ago
  • one year ago

  • This Question is Open
  1. tkhunny Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    You probably should talk about taxes, first. Anyway...Can you do NONE of it? Calculate the interest earned under each scenario. Note: Part of the question makes no sense at all. Are the two five year periods intended to be consecutive or sequential? If they are not back-to-back, then it is very difficult to compare a 5 year investment with a 10 year investment. What happens in one case with the missing five years?!

    • one year ago
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.