Question
a.The amount of money in Theodore LoganIII's account at the end of 5 5 years will be $nothing. (Round to the nearestcent.) b.The amount of
a.The amount of money in Theodore LoganIII's account at the end of 55 years will be $nothing. (Round to the nearestcent.) b.The amount of money in VernellColes' account at the end of 33 year(s) will be $nothing. (Round to the nearestcent.)c. The amount of money in TinaElliot's account at the end of 55 years will be $nothing. (Round to the nearestcent.) d.The amount of money in WayneRobinson's account at the end of 33 years will beCalculate the amount of money that will be in each of the following accounts at the end of the given depositperiod:
Account Holder | Amount Deposited | Annual Interest Rate | Compounding Periods Per Year (M) | Compounding Periods (Years) |
Theodore Logan III | $1,000 | 12% | 2 | 5 |
Vernell Coles | $96,000 | 12% | 1 | 3 |
Tina Elliot | $8,000 | 10% | 3 | 5 |
Wayne Robinson | $118,000 | 8% | 4 | 3 |
Eunice Chung | $29,000 | 12% | 6 | 4 |
Kelly Cravens | $13,000 | 12% | 12 | 5 |
a.The amount of money in Theodore LoganIII's account at the end of 55 years will be $______. (Round to the nearestcent.)
b.The amount of money in VernellColes' account at the end of 33 year(s) will be $______. (Round to the nearestcent.)
c. The amount of money in TinaElliot's account at the end of 55 years will be $______. (Round to the nearestcent.)
d.The amount of money in WayneRobinson's account at the end of 33 years will be$_______. (round to the nearest cent)
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