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(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:

Account Holder	Amount Deposited			Annual Interest Rate		Compounding Periods Per Year (M)		Compounding Periods (Years)
Theodore Logan III	$	1,100		16	%	6		6
Vernell Coles		94,000		12		2		2
Tina Elliot		7,000		8		3		5
Wayne Robinson		119,000		10		1		5
Eunice Chung		29,000		12		4		6
Kelly Cravens		17,000		8		12		5

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a.The amount of money in Theodore Logan III's account

at

the end of

6

years will be

$enter your response here.

(Round to the nearest cent.)

Part 2

b.The amount of money in Vernell Coles' account

at

the end of

2

year(s) will be

$enter your response here.

(Round to the nearest cent.)

Part 3

c. The amount of money in Tina Elliot's account

at

the end of

5

years will be

$enter your response here.

(Round to the nearest cent.)

Part 4

d.The amount of money in Wayne Robinson's account

at

the end of

5

years will be

$enter your response here.

(Round to the nearest cent.)

Part 5

e.The amount of money in Eunice Chung's account

at

the end of

6

years will be

$enter your response here.

(Round to the nearest cent.)

Part 6

f.The amount of money in Kelly Cravens' account

at

the end of

5

years will be

$enter your response here.

(Round to the nearest cent.)

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