I have a friend who has come to me on advice on a invest of his $500,000 lottery winnings.He…
I have a friend who has come to me on advice on a invest of his $500,000 lottery winnings.He wants to know what would be the better option 1. 6% compound interest quartely for 5 years opt. 2 8% compound interset annually for 5 years and opt. 3 14.5% simple interest for 10 years. Which one would be the better option?