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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