My advertising team has been given an ad campaign for a financial institution to introduce various financial schemes education for the public. You have been asked to put together a presentation for the financial institution to view before the ad campaign is implemented. I need to create a professional presentation that shows examples of the following ad campaigns and calculations for each part:
1. We have one individual has charged $13,573 on his or her credit card at an annual interest rate of 19.9% compounded monthly. Explain to him or her the difficulties that he or she can foresee in future years of interest getting out of control. Give 5-year and 10-year debt projections based on the individual paying the minimum $200 monthly payment.
2. Now we have one organization wishes to invest with a particular savings and loan institution. The organization has been given a choice of options for investing. The options are as follows:
a. 8.4% compounded monthly
b. 8.6% compounded quarterly
c. 8.7% compounded semiannually
d. 8.8% compounded annually
Explain to members of the organization with specific examples so that they understand their best option.
Prepare the calculations of the problems. Powerpoint 8-10 slides.© BrainMass Inc. brainmass.com June 3, 2020, 10:33 pm ad1c9bdddf
This solution is comprised of a detailed explanation to prepare the calculations of the problems.