Please correct answer and don't use hand rating (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 thegiven deposit periodAccount HolderAmountDepositedAnnualCompoundingInterest Rate Periods Per Year (M)CompoundingPeriods (Years)Theodore Logan III$90018%15Vernell Coles96,0001232Tina ElliotWayne Robinson9,0008124120,000865Eunice ChungKelly Cravens29,000164413,000122(Click on the icon in order to copy its contents into a spreadsheet)a. The amount of money in Theodore Logan is account at the end of 5 years will be $ (Round to the nearest cent.)

To calculate the amount of money that will be in each account at the end of the given deposit…

Answered: (Related to Checkpoint 5.3) (Compound…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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The Deposit value on 10/1/20 is 4X. Not 8X.
(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) Compounding Periods (Years) 3 6 4 2 Annual Interest Rate 16% 10 12 121,000 12 32,000 18 Kelly Cravens 13,000 10 (Click on the icon in order to copy its contents into a spreadsheet.) Account Holder Theodore Logan III Vernell Coles Tina Elliot Wayne Robinson Eunice Chung 2 x 12 W S a. The amount of money in Theodore Logan IIl's account at the end of 6 years will be $. (Round to the nearest cent.) b. The amount of money in Vemell Coles' account at the end of 2 year(s) will be $ (Round to the nearest cent.) c. The amount of money in Tina Elliot's account at the end of 5 years will be $. (Round to the nearest cent.) 7 d. The amount of money in Wayne Robinson's account at the end of 5 years will be $ (Round to the nearest cent.) e. The amount of money in Eunice Chung's…
Find the periodic payment for each of the following scenarios, where m is the periodic deposit and r is the interest rate. Future compounding time periodic interest in Value frequency deposit (m) earned years $ $200,000 5% annually 10 12.5779 15905.29 $ $250,000 7.8% semiannually 11 34.6003 7225.43 $ $125,000 3.7% quarterly 15 120.3921 1038.46 $ $ $225,000 3% monthly 15 $ $175,000 7.5% weekly 12 A
5.5: Calculating 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 Annuel Interest Rate Compounding Compounding Periods per Year (m) Periods (years) Theodore Logan III $1,000 10% 1 10 Vernell Coles 95,000 12 12 1 Tina Elliot Wayne Robinson Eunice Chung Kelly Cravens 8,000 12 6 2 120,000 8 4 2 30,000 10 15,000 12 23 4 3 3
ques 3
Determine the interest rate earned on an $800 deposit when $808 is paid back in one year.
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