A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 2 years ago
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.
 2 years ago
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.

This Question is Open

tkhunny
 2 years ago
Best ResponseYou've already chosen the best response.0You 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 backtoback, 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?!
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
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...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 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.