Calculate 3 different investment options for your client, while only changing the Monthly Payment (P) amount....

  

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Calculate 3 different investment options for your client, while only changing the Monthly Payment (P) amount. The interest rate will be fixed at 6%, and the time will be fixed at 20 years. 1) How much would the investment earn with a monthly payment of: a) Low: P = $500 b) Medium: P $1,000 c) High: P $2,000 = 2) What do you notice happens to the investment as the payments change? Explain in context why this makes sense. 3) What would you recommend your client to invest monthly based on the results of your calculations? Why? Calculate 3 different investment options for your client, while only changing the Monthly Payment (P) amount. The interest rate will be fixed at 6%, and the time will be fixed at 20 years. 1) How much would the investment earn with a monthly payment of: a) Low: P = $500 b) Medium: P $1,000 c) High: P $2,000 = 2) What do you notice happens to the investment as the payments change? Explain in context why this makes sense. 3) What would you recommend your client to invest monthly based on the results of your calculations? Why?

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