Question

 Calculate the amount of money that will be in each of the following accounts at the end of the given deposit​ period:

Theodore Logan III   $1,100   12%   12   6
Vernell Coles   $95,000   8%   1   2
Tina Elliot   $8,000   8%   6   6
Wayne Robinson   $118,000   8%   3   4
Eunice Chung   $32,000   12%   2   4
Kelly Cravens   $17,000   10%   4   4

a.The amount of money in Theodore Logan​ III's account at the end of 6 years will be ​$___. ​(Round to the nearest​ cent.)

B. The amount of money in Vernell Coles account at the end of 2 years will be ? $___. ( round to the nearest cent)

C. The amount of money in Tina Elliot account at the end of 6 years will be ? $___. ( round to the nearest cent)

D. the amount of money in Wayne Robinson account at the end of 4 years will be ? $ _____ ( round to the nearest cent)

E. the amount of money in Eunice Chung at the end of 4 years will be ? $______ ( round to the nearest cent)

F the amount of money in Kelly Cravens at the end of 4 years will be ? $_____ ( round to the nearest cent)

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

C w ENG 10:14 31-07-2020 99+ 32 Х AH480 ... X AA AB AC AD AE AF AG AH AL AJ AK AL- 464 APR COMPOUNDING PERIODS/ YEAR AMOUNT RATE YEARS A r m n 1100 12 6 12.00% 8.00% 95000 1 2 465 466 ACCOUNT 467 HOLDER 468 469 LOGAN 470 COLLES 471 ELLIOT 472 ROBERTSON 473 CHUNG 474 CRAVENS 475 476 477 FUTURE VALUE FORMULA = FV =A*((1+ (r/m))^mn] FV 2251.81 1100*((1+0.12/12))^(12*6)] 110808.00 95000*((1+0.08/1))^(1* 2)] 12887.65 8000*((1+0.08/6))^(6*6)] 161821.25 118000*[(1+(0.08/3))^(3*4)] 51003.14 32000*[(1+(0.12/2))^(2*4)] 25236.60 17000*[(1+(0.1/4))^(4*4)] 8000 6 6 118000 3 4 8.00% 8.00% 12.00% 10.00% 32000 2 4 17000 4 4 478 479 480 481 482 483 484 485 486 487 Ana pv, fv, annuity CAP STRU VALUE PM, PMT loan with points LOCK BOX DILUTION DOLLAR COST AVG EXPO NPER APR CPI ear FVA s2 pva