Compound Interest with non-annual periods: Calculate the amount of money that will be in each...
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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 periods: Account Holder, Amount deposited, annual interest rate, compounding periods per year, compouding periods Theodore Logan III, 1000, 12%, 1, 6 Vernell Coles, 96000, 8%, 4, 3 Tina Elliot, 7000, 12%, 2, 6 Wayne Robinson, 118000, 10%, 6, 3 Eunice Chung, 29000, 18%, 12, 6 Kelly Cravens, 15000, 8%, 3, 3
The amount of money for Theodore at end of 6 years is ___? (I got $1973.82)? The amount of money for Vernell at end of 3 years will be ___? (I got $121751.21) The amount of money for Tina at end of 6 years will be ___? The amount of money for Wayne at end of 3 years will be ___? The amount of money for Eunice at end of 6 years will be _____?
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