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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 the 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 the given deposit period:
a.The amount of money in Theodore Logan III's account at the end of 6 years will be?
(Round to the nearest cent.)
Account Holder | Amount Deposited | Annual Interest Rate | Compounding Periods Per Year (M) | Compounding Periods (Years) | |
Theodore Logan III | $900 | 12% | 2 | 6 | |
Vernell Coles | $95,000 | 8% | 12 | 2 | |
Tina Elliot | $9,000 | 12% | 3 | 4 | |
Wayne Robinson | $121,000 | 12% | 4 | 4 | |
Eunice Chung | $29,000 | 12% | 6 | 5 | |
Kelly Cravens | $16,000 | 10% | 1 | 4 | |
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