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 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 3years will be?
- The amount of money in Tina Elliot account at the end of 5years will be?
- The amount of money in Wayne Robinson account at the end of 3years will be?
- The amount of money in Eunice Chung account at the end of 6years will be?
- The amount of money in Kelly Cravens account at the end of 5years will be?
Account Holder | Amount | Annual | Compounding | Compounding | |||||
Deposited | Interest Rate | Periods Per Year? (M) | Periods? (Years) | ||||||
Theodore Logan III | $ 900.00 | 12% | 4 | 10 | |||||
Vernell Coles | $ 96,000.00 | 12% | 2 | 3 | |||||
Tina Elliot | $ 9,000.00 | 10% | 12 | 5 | |||||
Wayne Robinson | $ 122,000.00 | 12% | 1 | 3 | |||||
Eunice Chung | $ 31,000.00 | 16% | 3 | 6 | |||||
Kelly Cravens | $ 13,000.00 | 10% | 6 | 5 |
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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