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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

$

1,100

18

%

4

6

Vernell Coles

96,000

8

3

2

Tina Elliot

8,000

8

1

6

Wayne Robinson

118,000

12

12

5

Eunice Chung

32,000

12

6

6

Kelly Cravens

17,000

8

2

3

a.The amount of money in Theodore Logan III's account

at

the end of

6

years will be

$nothing.

(Round to the nearest cent.)

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