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 request assistance to help understand which option would be 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. give a complete breakdown for each option and answer.