Question and answer
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.
I'd go for this 1: 6% compounded interest quarterly for 5 years.
Get an answer
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|

Question
Asked 3/28/2012 8:52:07 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
18,456,684 questions answered
Popular Conversations
In the poem "God's Grandeur," the phrase "nor can foot feel, being ...
Weegy: In the poem "God's Grandeur," the phrase "nor can foot feel, being shod" means: humans are out of touch with ...
11/27/2014 12:04:03 AM| 1 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2890 [Total 14600]| Ratings 10| Comments 2790| Invitations 0|Offline
S
L
Points 1472 [Total 3758]| Ratings 0| Comments 1472| Invitations 0|Offline
S
Points 842 [Total 874]| Ratings 1| Comments 832| Invitations 0|Offline
S
L
Points 777 [Total 1298]| Ratings 6| Comments 717| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 773 [Total 14147]| Ratings 0| Comments 773| Invitations 0|Offline
S
1
L
L
Points 273 [Total 6667]| Ratings 0| Comments 273| Invitations 0|Offline
S
L
Points 162 [Total 1458]| Ratings 3| Comments 132| Invitations 0|Offline
S
Points 102 [Total 102]| Ratings 1| Comments 92| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.