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Answer all of the questions . C. The amount of money for Tina at end of 4 years will be ___? D. The amount of
Answer all of the questions .
C. The amount of money for Tina at end of 4 years will be ___?
D. The amount of money for Wayne at end of 3 years will be ___?
E. The amount of money for Eunice at end of 6 years will be _____?
f.The amount of money in Kelly Cravens' account at the end of 5 years will be____?
(Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Amount Annual Compounding Compounding Account Holder Deposited Interest Rate Periods Per Year (M) Periods (Years) Theodore Logan III $ 900 16% 4 6 Vernell Coles 95,000 10 6 2 Tina Elliot 9,000 3 Wayne Robinson 120,000 8 12 Eunice Chung 28,000 18 Kelly Cravens 17,000 2 8 1 8 a. The amount of money in Theodore Logan IIl's account at the end of 6 years will be $ 2,306.9. (Round to the nearest cent.) b. The amount of money in Vernell Coles' account at the end of 2 year(s) will be $ 115,842.15. (Round to the nearest cent.) c. The amount of money in Tina Elliot's account at the end of 4 years will be $1 (Round to the nearest cent.)Step by Step Solution
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