Friday
April 25, 2014

Homework Help: Business Algebra

Posted by Diane on Tuesday, December 21, 2010 at 8:31am.

I need to know the formula for these questions and just how to do them. If you could help please.
As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options:

Option 1 (refer to section on Mathematics of Finance in your text.): Invest $23,000 in a savings account at 4.25% interest compounded quarterly.

Option 2 (refer to section on Mathematics of Finance in your text): Invest into an ordinary annuity where $5,000 is deposited each year into an account that earns 6.6% interest compounded annually.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Algebra - Part I: As a financial planner a client comes to you for ...
Corporate Fiance - You are a financial planner and have a client who would like ...
Financial Matters - Has anyone been a health care financial officer that can do ...
ALGEBRA PLEASE HELP!! - Hello. Three quick questions that I have worked on just ...
Finance - Assume that you are financial advisor to a business. Describe the ...
Finance - Assume that you are financial advisor to a business. Describe the ...
Business - I have to give a presentation for which i need to think of a business...
algebra - Hello. Three quick questions that I have worked on just need ...
ALGEBRA - Hello. Three quick questions that I have worked on just need ...
Algebra--please help! - I really need help with my math homework today, because ...

Search
Members