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 periodsTheodore Logan III, 1000, 12%, 1, 6Vernell Coles, 96000, 8%, 4, 3Tina Elliot, 7000, 12%, 2, 6Wayne Robinson, 118000, 10%, 6, 3Eunice Chung, 29000, 18%, 12, 6Kelly Cravens, 15000, 8%, 3, 3The 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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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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