Calculate the amount of money that will be in each of the following accounts at the end
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Question:
Calculate the amount of money that will be in each of the following accounts at the end of the given depositperiod:
Account Holder
Amount
Deposited
Annual
Interest Rate
Compounding
Periods Per Year(M)
Compounding
Periods(Years)
Theodore Logan III
$
1 comma 100
1,100
16
16
%
12
12
10
10
Vernell Coles
95 comma 000
95,000
8
8
4
4
3
3
Tina Elliot
8 comma 000
8,000
10
10
1
1
4
4
Wayne Robinson
118 comma 000
118,000
12
12
2
2
3
3
Eunice Chung
31 comma 000
31,000
16
16
3
3
6
6
Kelly Cravens
16 comma 000
16,000
12
12
6
6
5
5
a.The amount of money in Theodore LoganIII's account at the end of 10
10 years will be $
nothing
.
Expert Answer:
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