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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

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

$

1,000

16

%

12

6

Vernell Coles

96,000

12

1

2

Tina Elliot

8,000

8

4

5

Wayne Robinson

118,000

10

3

5

Eunice Chung

32,000

18

2

4

Kelly Cravens

13,000

88

6

4

a. The amount of money in Theodore Logan III's account at the end of 6 years will be $_____. (Round to the nearest cent.)

b. The amount of money in Vernell Coles account at the end of 2 years will be $_____. (Round to the nearest cent.)

c. The amount of money in Tina Elliot account at the end of 5 years will be $_____. (Round to the nearest cent.)

d. The amount of money in Wayne Robinsons account at the end of 5 years will be $_____. (Round to the nearest cent.)

e. The amount of money in Eunice Chung account at the end of 4 years will be $_____. (Round to the nearest cent.)

f. The amount of money in Kelly Cravens account at the end of 4 years will be $_____. (Round to the nearest cent.)

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