Question

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 at end of 6 years is ___?

The amount of money for Vernell at end of 3 years will be
___?

The amount of money for Tina at end of 6 years will be ___?

The amount of money for Wayne at end of 3 years will be ___?

The amount of money for Eunice at end of 6 years will be _____?

Answer #1

The amount of money for Theodore at end of 6 years is

=1100*(1+16%/6)^(6*5)=2422.571137

The amount of money for Vernell at end of 3 years will be

=95000*(1+12%/4)^(4*2)=120343.1577

The amount of money for Tina at end of 6 years will be

=8000*(1+8%/12)^(12*6)=12908.01734

The amount of money for Wayne at end of 3 years will be

=122000*(1+12%/2)^(4*2)=194449.4651

The amount of money for Eunice at end of 6 years will be

=30000*(1+16%/3)^(3*6)=76437.44412

The amount of money for Kelly at end of 5 years will be

=16000*(1+12%/1)^(1*5)=28197.46693

(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...

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...

?(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...

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 must be deposited at the end
of every three months into an account paying 6% compounded monthly
to accumulate to $12 500.00 in ten years?

Calculate the amount of money that must be deposited at the end
of every three months into an account paying 6% compounded monthly
to accumulate to $12 500.00 in ten years?

Maths of finance
This task assesses the following learning
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Time value for money and the rate of return
Assess the simple interest and compound interest
Net Present value in Capital Budgeting (Internal rate of
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Annuities (PV, FV, Growth Annuities, types of Annuities)
Perpetuities (PV, Growth Perpetuities)
3. How long will it take to your money to earn 2000€ at a rate
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Maths of finance
This task assesses the following learning
outcomes:
Time value for money and the rate of return
Assess the simple interest and compound interest
Net Present value in Capital Budgeting (Internal rate of
return, Payback period)
Annuities (PV, FV, Growth Annuities, types of Annuities)
Perpetuities (PV, Growth Perpetuities)
2. The bank offers you some options, however, you can't withdraw
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Intermediate
1. Multiple compounding periods: Find the future value of an
investment of $2,500 made today for the following rates and
periods:
a.
6.25 percent compounded semiannually for 12 years
b.
7.63 percent compounded quarterly for 6 years
c.
8.9 percent compounded monthly for 10 years
d.
10 percent compounded daily for 3 years
2. Multiple compounding periods: Find the present value of
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a.
8.9% compounded monthly for five years.
b. ...

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