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I don't know what I'm doing wrong. I triple checked with the 2nd question: Calculators online, my scientific calculator, everything comes up with the same
I don't know what I'm doing wrong. I triple checked with the 2nd question: Calculators online, my scientific calculator, everything comes up with the same number but per system, my answer is wrong. Please help
(Related to Checkpoint 5.3) (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: Compounding Periods Per Year (M) Account Holder Theodore Logan III Vernell Coles Tina Elliot Wayne Robinson Eunice Chung Kelly Cravens Amount Deposited $ 1,000 96,000 9,000 118,000 30,000 17,000 Annual Interest Rate 12% 10 12 8 18 10 2 3 6 12 Compounding Periods (Years) 10 3 6 4 4 3 1 a. The amount of money in Theodore Logan III's account at the end of 10 years will be $ 3.262.04. (Round to the nearest cent.) b. The amount of money in Vernell Coles' account at the end of 3 year(s) will be $ 127776.00. (Round to the nearest cent.)Step by Step Solution
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