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   $1,000   10%   1   10 Vernell Coles   $95,000   12%   12   1 Tina Elliot   $8,000   12%   6   2 Wayne Robinson   $120,000   8%   4   2 Eunice Chung   $30,000   10%   2   4 Kelly Cravens   $15,000   12%   3   3

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A: An interest is referred as an amount from the borrower or the deposit taking banks or the financial…

Q: Find the compound amount and the amount of interest earned by the following deposit. $5,000 at 7.59%…

A: Compound interest and continuous compounding:Compound interest refers to the interest earned on any…

Q: 2. Use this information to answer the following questions: a) Let's say you invest $10,000 into each…

A: Computation A:

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A: Future value is a value of an investment or asset on a specific date in the future based on growth…

Q: 6. Jasper Brown deposited $743.20 in a savings account at the Suburban Trust Com- pany on May 1. At…

A:

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Q: Forty eight monthly deposits are made into an account paying 6% nominal interest per year compounded…

A: Amount of each deposit = M Number of deposits (n) = 48 r = 6% per annum = 0.5% per month Accumulated…

Q: Bruno deposited $500 RIO account that earns Interest at a rate of 4.5% and is compounded annually.…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an…

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Q: Melisandre deposits $500 in an account paying an effective monthly interest rate 0.62708%. Kobe…

A: Present Value:  The present value (PV) is the present sum of the future payments. The future…

Q: You have invested money in a savings account that pays a fixed monthly interest on the account…

A: A Compound interest where the interest earned on the principal amount earn interest as per the…

Q: A depositor opens a new savings account with 8,000 at 8% compounded semiannually. At the beginning…

A: The concept of time value of money will be applied here. We have to find the amount at the end of…

Q: Armita deposits $150 in an account paying a nominal interest rate 9.900% compounded semi- annually.…

A: Interest rate refers to the rate which is charged by the lender from the borrower on the loan amount…

Q: eposits of 100 are made to an account today and one year from today. The annual force of interest at…

A: Force of interest is interest compounding continuously and is the highest form of the compounding.

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: If you wish to accumulate $246,000 in 17 years, how much must you deposit today in an account that…

A: Future Value = fv = $246,000Time = t = 17Interest rate = r = 15%

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

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Q: The amount that accumulates in 3 years if $ 2,500 is deposited at the beginning of each month in a…

A: Monthly payment = $2,500 Interest rate = 6.3% Time period = 3 Years

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Q: 2. Albert Frost's savings account. $820 on deposit. 6% annual interest rate. Time is 3 months. Find…

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Q: Need the amounts of each person for the given period for their deposits period

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Q: ocasionally a savings account may actually pay interest compounded continuously. For each deposit,…

A: A method of calculating interest or investment growth known as continuous compounding involves…

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A: Interest rate (r) = 12% Number of compounding per year (m) = 4

Q: The principal represents an amount of money deposited in a savings account subject to com interest…

A: The worth of investment now at some point in the future determined by an estimated rate of growth is…