A) Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period:

Account Holder	Amount Deposited			Annual Interest Rate		Compounding Periods Per Year (M)		Compounding Periods (Years)
Theodore Logan III	$	1,100		16	%	2		5
Vernell Coles		94,000		8		1		2
Tina Elliot		9,000		12		12		6
Wayne Robinson		119,000		12		4		5
Eunice Chung		32,000		16		3		5
Kelly Cravens		16,000		8		6		4

B)Your grandmother just gave you $8,000.

c.Now let's look at what might happen if you can invest the money at a rate of 10 percent rather than 5 percent rate; recalculate parts (a) and (b) for an annual interest rate of 10 percent.

d.Now let's see what might happen if you invest the money for 10 years rather than 5 years; recalculate part (a) using a time horizon of 10 years (annual interest rate is still 5 percent).

e.With respect to the changes in the stated interest rate and length of time the money is invested in parts (c) and (d), what conclusions can you draw?