Question
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 | $ | 900 | 12 | % | 2 | 6 | ||||
| Vernell Coles | 94,000 | 12 | 6 | 2 | ||||||
| Tina Elliot | 9,000 | 12 | 3 | 6 | ||||||
| Wayne Robinson | 119,000 | 10 | 4 | 4 | ||||||
| Eunice Chung | 31,000 | 18 | 12 | 6 | ||||||
| Kelly Cravens | 13,000 | 8 | 1 | 3 | ||||||
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
