Question

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 |

Answer #1

(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:
The amount of money in Theodore Logan III's account at the end
of 10 years will be?
The amount of money in Vernell Coles account at the end of 3
years will be?
The amount of money in Tina Elliot account at the end of 5
years will be?
The amount of money...

?(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
18%
3
10
Vernell Coles
$96,000
10%
2
3
Tina Elliot
$9,000
12%
4
4
Wayne Robinson
$121,000
12%
12
3
Eunice Chung
$30,000
18%
1
4
Kelly Cravens
$15,000
12%
6
3
The amount...

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
1212
%
11
55
Vernell Coles
94,000
1212
66
33
Tina Elliot
7,000
88
22
44
Wayne Robinson
120,000
1212
1212
33
Eunice Chung
30 ,000
1616
44
44
Kelly Cravens
17,000
1212...

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
16
%
12
6
Vernell Coles
96,000
12
1
2
Tina Elliot
8,000
8
4
5
Wayne Robinson
118,000
10
3
5
Eunice Chung
32,000
18
2
4
Kelly Cravens
13,000
8
6
4
a.The amount of money...

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 16%
6 5
Vernell Coles $95,000 12%
4 2
Tina Elliot $8,000 8%
12 6
Wayne Robinson $122,000 12%
2 4
Eunice Chung $30,000 16%
3 6
Kelly Cravens $16,000 12%
1 5
The amount of money for Theodore...

(Related to Checkpoint 5.2)
(Compound
interest with non-annual
periods)
You just received a bonus of
$3,000.
a. Calculate the future value of
$3,000,
given that it will be held in the bank for
5
years and earn an annual interest rate of
6
percent.b. Recalculate part
(a)
using a compounding period that is (1) semiannual and (2)
bimonthly. c. Recalculate parts
(a)
and
(b)
using an annual interest rate of
12
percent.
d. Recalculate part
(a)
using a time horizon...

5) ?(Compound interest
with? non-annual
periods?) You just received a
bonus of ?$5,000.
a. Calculate the future value of ?$5,000?,
given that it will be held in the bank for 9 years and earn an
annual interest rate of 7 percent. ?(Round to the nearest?
cent.)
b. Recalculate part ?(a?)
using a compounding period that is? (1) semiannual and? (2)
bimonthly.
c. Recalculate parts ?(a?) and
?(b?) using an annual interest rate of 14
percent.
d. Recalculate part ?(a?)
using...

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