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(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

(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:

Account Holder

Amount

Deposited

Annual

Interest Rate

Compounding

Periods Per Year (M)

Compounding

Periods (Years)

Theodore Logan III

$

1,000

10

%

1

10

Vernell Coles

95,000

12

12

1

Tina Elliot

8,000

12

6

2

Wayne Robinson

120,000

8

4

2

Eunice Chung

30,000

10

2

4

Kelly Cravens

15,000

12

3

3

a. The amount of money in Theodore Logan III's account at the end of 10 years will be $___ (Round to the nearest cent.)

b. The amount of money in Vernell Coles' account at the end of 1 year(s) will be $___(Round to the nearest cent.)

c. The amount of money in Tina Elliot's account at the end of 2 years will be $_____ (Round to the nearest cent.)

d. The amount of money in Wayne Robinson's account at the end of 2 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 $_____ (Round to the nearest cent.)

f. The amount of money in Kelly Cravens' account at the end of 3 years will be $________Round to the nearest cent.)

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