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Q: 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.
A: I'd go for this 1: 6% compounded interest quarterly for 5 years.
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Original conversation
User: 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.

Weegy: I'd go for this 1: 6% compounded interest quarterly for 5 years.
danimai|Points 741|

User: 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.





Weegy: Option 3: 14.5% simple interest for 10 years.
Expert answered|AttyK|Points 135|

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Asked 3/28/2012 8:52:07 PM
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