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(Related 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 Annual Interest Rate Compounding Periods Per Year (M) Compounding Periods (Years) Amount Account Holder Theodore Logan III Vernell Coles Tina Elliot Wayne Robinson Eunice Chung Kelly Cravens Deposited $ 1,000 95,000 7,000 120,000 29,000 16,000 16% 2 12 10 12 18 12 4 12

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Format Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard Alignment Number Cells Editing LS170 LM LN LO LP LQ LR LS LT LU LV LW LX 157 158 159 160 161 162 163 164 165 166 167 168 169 170 COMPOUNDING PERIODS YEARS FUTURE VALUE = PV(1 +r/m)^mn DEPOSIT RATE 1000 95000 7000 16% 12% 10% 12% 18% 12% 2100.34 2 119935.31 5 11470.32 5 216113.22 5 70853.37 5 28981.79 LM159 (1+LN159/LO159)A(L0159 LP159) LM 160(1+LN 160/し0160)^(LO160*LP160) LM161 (1+LN161/LO161) (L0161 LP161) LM 162*(1+LN 162/L0162)^(LO162*LP162) LM163 (1+LN163/LO163)A(L0163*LP163) LM164 (1+LN164/L0164)A(L0164 LP164) 4 4120000 29000 16000 12 6 172 173 174 175 11 1 トーCALCULATOR ( LOAN OPTIONS | pv, fv, annuity i CAP STRU VALUE BOX DILUTION DOLLAR COST AVG MORTGAGE EXPO Sheet1Sheet2 Shel rences: x261

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