5-2 FinanceLab
(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 | $ | % | ||||||||
Vernell Coles | ||||||||||
Tina Elliot | ||||||||||
Wayne Robinson | ||||||||||
Eunice Chung | ||||||||||
Kelly Cravens | ||||||||||
a.The amount of money in Theodore Logan III's account
at
the end of
years will be
$.
(Round to the nearest cent.)
I need answers for all the names. Thank you
Homework Answers
Dear student, please refer to the question https://wizedu.com/questions/486/calculate-the-amount-of-money-that-will-be-in
Calculate the amount of money that will be in each of the following accounts at the...
Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period:Account HolderAmountDepositedAnnualInterest RateCompoundingPeriods Per Year (M)CompoundingPeriods (Years)Theodore Logan III$90012%26Vernell Coles94,0001262Tina Elliot9,0001236Wayne Robinson119,0001044Eunice Chung31,00018126Kelly Cravens13,000813
(Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will...
(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 12% Compounding Periods Per Year (M) Compounding Periods (Years) Account Holder Theodore Logan III Vernell Coles Tina Elliot Wayne Robinson Eunice Chung Kelly Cravens Amount Deposited $ 900 94,000 8,000 121,000 29,000 15,000 a. The amount of money in Theodore Logan IIl's account at the end...
(Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will...
(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: 1 Amount Annual Compounding Compounding Account Holder Deposited Interest Rate Periods Per Year (M) Periods (Years) Theodore Logan III $ 1,000 16% 2 10 Vernell Coles 96,000 12 12 3 Tina Elliot 9,000 8 6 Wayne Robinson 121,000 10 3 4 Eunice Chung 30,000 12 6 Kelly Cravens 17,000...
(Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will...
(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
(Compound interest with non-annual periods) Calculate the amount of money that will be in each of...
(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 % 12 10 Vernell Coles 94,000 10 2 3 Tina Elliot 8,000 12 4 5 Wayne Robinson 118,000 12 1 4 Eunice Chung 32,000 12 6 4 Kelly Cravens 13,000 12 3...
Calculate the amount of money that will be in each of the following accounts at the...
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...
I don't know what I'm doing wrong. I triple checked with the 2nd question: Calculators online,...
I don't know what I'm doing wrong. I triple checked with the 2nd
question: Calculators online, my scientific calculator, everything
comes up with the same number but per system, my answer is wrong.
Please help
(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: Compounding Periods Per Year (M) Account Holder Theodore Logan III Vernell Coles Tina Elliot...
Urn. U-Z iyrinanceLab Assignment Score: 0 of 4 pts P5-5 (similar to) 40f 12 (3 complete)...
Urn. U-Z iyrinanceLab Assignment Score: 0 of 4 pts P5-5 (similar to) 40f 12 (3 complete) mpounding (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 depost period Amount Annual Compounding Account Holder Deposited interest Rate Periods Per Year (M) Periods (Years) Theodore Logan 11 $ 1.100 Vernel Coles 94 000 Tina Eliot 7,000 Wayne Robinson 120.000 Eric Caft...
7:24 PM Mon Feb 25 72% 5 Exit 1 In the formulas for simple and general...
7:24 PM Mon Feb 25 72% 5 Exit 1 In the formulas for simple and general compound interest, what does the letter r represent? The original value of the investment, before including interest. The annual percentage rate, in decimal form. The annual percentage rate, in percentage form The future value of the investment, including interest. 2. In the formulas for simple and general compound interest, what does the letter t represent? The amount of time the money stays in the...
Practice Problems 1. You invest $8,000 in a savings account, the interest rate is 12% per...
Practice Problems 1. You invest $8,000 in a savings account, the interest rate is 12% per year and the length of time is 15 years. Compounding is monthly. What is the value of the savings account at the end of ten years? 2. What would be the answer if compounding is every six months? 3. How many periods does it take for money to double if the interest rate is 12% per period? 4. If the interest rate is 12%...
(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 12% Compounding Periods Per Year (M) Compounding Periods (Years) Account Holder Theodore Logan III Vernell Coles Tina Elliot Wayne Robinson Eunice Chung Kelly Cravens Amount Deposited $ 900 94,000 8,000 121,000 29,000 15,000 a. The amount of money in Theodore Logan IIl's account at the end...
(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: 1 Amount Annual Compounding Compounding Account Holder Deposited Interest Rate Periods Per Year (M) Periods (Years) Theodore Logan III $ 1,000 16% 2 10 Vernell Coles 96,000 12 12 3 Tina Elliot 9,000 8 6 Wayne Robinson 121,000 10 3 4 Eunice Chung 30,000 12 6 Kelly Cravens 17,000...
(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
I don't know what I'm doing wrong. I triple checked with the 2nd
question: Calculators online, my scientific calculator, everything
comes up with the same number but per system, my answer is wrong.
Please help
(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: Compounding Periods Per Year (M) Account Holder Theodore Logan III Vernell Coles Tina Elliot...
Urn. U-Z iyrinanceLab Assignment Score: 0 of 4 pts P5-5 (similar to) 40f 12 (3 complete) mpounding (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 depost period Amount Annual Compounding Account Holder Deposited interest Rate Periods Per Year (M) Periods (Years) Theodore Logan 11 $ 1.100 Vernel Coles 94 000 Tina Eliot 7,000 Wayne Robinson 120.000 Eric Caft...
7:24 PM Mon Feb 25 72% 5 Exit 1 In the formulas for simple and general compound interest, what does the letter r represent? The original value of the investment, before including interest. The annual percentage rate, in decimal form. The annual percentage rate, in percentage form The future value of the investment, including interest. 2. In the formulas for simple and general compound interest, what does the letter t represent? The amount of time the money stays in the...
Practice Problems 1. You invest $8,000 in a savings account, the interest rate is 12% per year and the length of time is 15 years. Compounding is monthly. What is the value of the savings account at the end of ten years? 2. What would be the answer if compounding is every six months? 3. How many periods does it take for money to double if the interest rate is 12% per period? 4. If the interest rate is 12%...
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