Melissa and Parker each deposit the money they earn at their summer jobs in bank accounts that pay different interestdeposits $520, and Parker initially deposits $550. The table shows the amounts they have in each of their accounts for thTime(quarters ofa year)1234Melissa'sTotal ($)520.00527.80535.72543.75Parker'sTotal ($)550.00555.50561.06566.67What is the total in the 8th quarter for each person? Round your answer to thenearest cent.Melissa's Total: $ type your answer...type your answer...Complete the sentence below for the money in the 12th quarter.Rounded to the nearest cent, in quarter 12, Melissa's total with be $type your answer..., and Parker's total will be $type your answer...So, Melissa will havechoose your answer...money than Parker.choose your answer...lessmore.Parker's Total: $Complete the sentence below for the money they will have earned after 16quarters,.Rounded to the nearest cent, after 16 quarters, Melissa will have earned $type your answer...and Parker will have earned $type your answer...choose your answer...choose your answer...lessmoreSo, Melissa will have earnedA money that Parker.

It has been given that both Melissa and Parker has put their money into bank account but the amount…

Answered: What is the total in the 8th quarter…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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