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(Compound Interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of given deposit
(Compound Interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of given deposit period.
Acct. Holder | Amt. Deposited | Annual Interest Rate | Compounding Periods Per Year (M) | Compounding Periods (Years) |
Theodore Logan III | $900 | 18% | 6 | 6 |
Vernell Coles | 96,000 | 12 | 4 | 3 |
Tina Elliot | 7,000 | 12 | 2 | 6 |
Wayne Robinson | 121,000 | 12 | 12 | 5 |
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(Round to the nearest cent)
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