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 | $ | 1,000 | 16 | % | 2 | 5 | |||
Vernell Coles | 94,000 | 10 | 6 | 3 | |||||
Tina Elliot | 9,000 | 12 | 3 | 5 | |||||
Wayne Robinson | 121,000 | 12 | 4 | 4 | |||||
Eunice Chung | 31,000 | 12 | 1 | 4 | |||||
Kelly Cravens | 15,000 | 8 | 12 | 5 |
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Part 1
a.The amount of money in Theodore Logan III's account at the end of 5 years will be $ enter your response here.
(Round to the nearest cent.)
Part 2
b.The amount of money in Vernell Coles' account at the end of 3 year(s) will be $ enter your response here.
(Round to the nearest cent.)
Part 3
c. The amount of money in Tina Elliot's account at the end of 5 years will be $ enter your response here.
(Round to the nearest cent.)
Part 4
d. The amount of money in Wayne Robinson's account at the end of 4 years will be $ enter your response here.
(Round to the nearest cent.)
Part 5
e.The amount of money in Eunice Chung's account at the end of 4 years will be $ enter your response here.
(Round to the nearest cent.)
Part 6
f.The amount of money in Kelly Cravens' account at the end of 5 years will be enter your response here.
(Round to the nearest cent.)
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