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.
Explain the results of the three ...
... different options by showing the client the step-by-step calculations if you had 500,000 in winnings
The first option at 6% quarterly compounded for 5 years will yield the most interest for the investment.
(See complete conversation and new answers below)
There are no new answers.