How can we use mathematics in real life?

Big Question: How can we use mathematics in real life?
Signature Assignment for Math 1050
Write a short paper that answers all the questions.
Making Decision on Investment
Assume that you won $300,000 and you want to spend half of the money and invest the rest (or
invest all). You need to make a decision on how to invest the money and you need to persuade
your partner (or parents) that you made the right choice.
A. List two or three financial institutions and their terms and conditions (interest rate, how
the interest is calculated, minimum balance, etc…)
B. Calculate what your savings would be in 10 years (or 20 years) in each institution that
you listed. Justify your answer (show your work).
C. What financial institution would you choose? And why?
D. Discuss the conclusion you draw from your calculations, and reflect how the mathematics
helped you make the decision.
Note:
• Your paper must include all contents from A to D (listed above) to get full points.
• Paper must have at least two credible citations and a works cited at the end.
• Paper is at least two pages single spaced with 12-point font, you may include graphs and
tables.
• Please use Word or Google docs to type your paper. If you can’t type mathematical
equations, you may insert jpeg files to your word file whenever it is necessary.