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(Compound interest with non-annual periods) Calculate the amount of money that will be in each of...
(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 | 1,000 | 16% | 1 | 5 |
| Vernell Colles | 94,000 | 10% | 2 | 3 |
| Tina Elliot | 7,000 | 8% | 3 | 6 |
| Wayne Robertson | 120,000 | 8% | 4 | 3 |
| Eunice Chung | 29,000 | 18% | 6 | 4 |
| Kelly Cravens | 17,000 | 10% | 12 | 5 |
Solutions
jeff jeffy answered 5 months agoRelated Solutions
(Compound interest with non-annual periods) Calculate the amount of money that will be in each of...
(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)
Ted Logan
$1,100
12%
4
6
Vern Coles
95,000
12
6
3
Teena Elliott
9,000
12
1
5
Wade Robinson
120,000
8
2
4
Eunice Chang
28,000
18
3
5
Kelli Craven
16,000
10
12
5
PLEASE round...
(Compound interest with non-annual periods) Calculate the amount of money that will be in each of...
(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 $ 1,000 12 % 1- 6
Vernell Coles 94,000 8- 2 -2 Tina Elliot 9,000 10- 4 -4 Wayne
Robinson 120,000 10- 12- 3 Eunice Chung 28,000 18- 3-4 Kelly
Cravens 14,000 12- 6= 3...
(Compound interest with non-annual periods ) You just received a bonus of 2,000. a. Calculate the...
(Compound interest with non-annual periods )
You just received a bonus of 2,000.
a. Calculate the future value of 2,000 given that it will be
held in the bank for 5 years and earn an annual interest rate of 4
percent
.b. Recalculate part (a ) using a compounding period that is (1)
semiannual and (2) bimonthly.
c. Recalculate parts (a ) and (b )using an annual interest rate
of 8 percent.
d. Recalculate part (a ) using a time...
(Compound interest with non-annual periods) You just received a bonus of $3,000. a. Calculate the future...
(Compound interest with non-annual periods) You just received a
bonus of $3,000. a. Calculate the future value of $3,000, given
that it will be held in the bank for 5 years and earn an annual
interest rate of 7 percent. b. Recalculate part a using a
compounding period that is (1) semiannual and (2) bimonthly.
c. Recalculate parts a and b using an annual interest rate of 14
percent. d. Recalculate part a using a time horizon of 10 years...
(Compound interest with non-annual periods) You just received a bonus of $2000. a. Calculate the future...
(Compound interest with non-annual periods) You just received
a bonus of $2000. a. Calculate the future value of $2000, given
that it will be held in the bank for 10 years and earn an annual
interest rate of 4 percent. b. Recalculate part (a) using a
compounding period that is (1) semiannual and (2) bimonthly.
c. Recalculate parts (a) and (b) using an annual interest rate
of 8 percent. d. Recalculate part (a) using a time horizon of 20
years...
(Compound interest with? non-annual periods?) You just received a bonus of ?$4,000.
(Compound interest with? non-annual periods?) You just received a bonus of ?$4,000.
a. Calculate the future value of $1,000, given that it will be held in the bank for 8 years and earn an annual interest rate of 7 percent.
b.Recalculate part (a) using a compounding period that is (1) semiannual and? (2) bimonthly.
c.Recalculate parts (a) and (b) using an annual interest rate of 14 percent.
d.Recalculate part (a) using a time horizon of 16 years at an annual...
(Compound interest with non-annual periods) You just received a bonus of $1,000. a.Calculate the future value...
(Compound interest with non-annual periods) You just
received a bonus of $1,000. a.Calculate the future value of $1
,000, given that it will be held in the bank for 7 years and earn
an annual interest rate of 5 percent. b.Recalculate part (a)
using a compounding period that is (1) semiannual and (2)
bimonthly. c.Recalculate parts (a) and (b) using an annual
interest rate of 10 percent. d.Recalculate part (a) using a time
horizon of 14 years at an annual...
compound interest with non-annual periods after examining the various personal loan rates available to you do...
compound interest with non-annual periods after examining the
various personal loan rates available to you do you find that you
can borrow funds from the finance company at a APR of 7% compounded
annually or from a bank at an APR 8% compounded monthly which
alternative is more attractive
Find the future value (compound amount) and the compound interest, as indicated, for each of the...
Find the future value (compound amount) and the compound
interest, as indicated, for each of the following investments.
Round answers to the nearest cent. Use a calculator or Table 16-1
to find FVF. Please show entire solution for each question. Thank
you!
Present Value Rate
Term
Future Value (Compound
Interest
2. $960 6% compounded semiannually
11
years ______ ________
4. $10,800 10% compounded annually
40
years _______ _______
6. $14,450
6%
compounded
quarterly
4 years _______ _________
on a certain amount of money, the difference between the compound interest of a year payable...
on a certain amount of money, the difference between the
compound interest of a year payable 4 times per year and the simple
interest for a year is AED150. IF THE RATE OF INTEREST IN BOTH
CASES IS 5% what is the value of this amount
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