elated 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 |
12 |
% |
3 |
5 |
||||
Vernell Coles |
96,000 |
10 |
2 |
2 |
||||||
Tina Elliot |
7,000 |
8 |
12 |
5 |
||||||
Wayne Robinson |
121,000 |
12 |
4 |
5 |
||||||
Eunice Chung |
30,000 |
12 |
6 |
4 |
||||||
Kelly Cravens |
15,000 |
10 |
1 |
5 |
the amount of money (A) that they will have at the end of their deposited period is giving in last column of nd image i have uploaded.
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