Question

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 |
33 |
55 |

HOW MUCH WILL EACH MAKE?

Answer #1

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(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...

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...

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...

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...

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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