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I need help with these problems (Related to Checkpoint 5.2) (Future value) Bob Terwilliger received $11,591 for his services as financial consultant to the mayor's
I need help with these problems
(Related to Checkpoint 5.2) (Future value) Bob Terwilliger received $11,591 for his services as financial consultant to the mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. So, he has invested his paycheck into an account paying 3.28 percent annual interest and left the account in his will to the city of Springfield on the condition that the city could not collect any money from the account for 160 years. How much money will the city receive in 160 years from Bob's generosity? BOCCH The amount of money the city will receive in 160 years from Bob's generosity is $ (Round to the nearest cent.) A (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: Amount Deposited 900 Annual Interest Rate Account Holder Compounding Periods Per Year (M) Compounding Periods (Years) $ 16% Theodore Logan III Vernell Coles Tina Elliot 95,000 8 9,000 12 Wayne Robinson 119,000 12 Eunice Chung 32,000 18 Kelly Cravens 15,000 8 (Click on the icon in order to copy its contents into a spreadsheet) a. The amount of money in Theodore Logan III's account at the end of 5 years will be $ (Round to the nearest cent) b. The amount of money in Vernell Coles' account at the end of 2 year(s) will be $ (Round to the nearest cent.) (Round to the nearest cent.) c. The amount of money in Tina Elliot's account at the end of 4 years will be $ d. The amount of money in Wayne Robinson's account at the end of 3 years will be $ (Round to the nearest cent) e. The amount of money in Eunice Chung's account at the end of 4 years will be $ 1. The amount of money in Kelly Cravens account at the end of 3 years will be $ (Round to the nearest cent) (Round to the nearest cent.) 242136 524343 12 Step by Step Solution
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