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In: Finance
Calculate the amount of money that will be in each of the following accounts at the...
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% | 4 | 10 | |
| Vernell Coles | $96,000 | 8% | 12 | 3 | |
| Tina Elliot | $8,000 | 12% | 6 | 6 | |
| Wayne Robinson | $122,000 | 10% | 1 | 3 | |
| Eunice Chung | $31,000 | 12% | 3 | 6 | |
| Kelly Cravens | $16,000 | 10% | 2 | 4 |
The amount of money in Theodore Logan III's account at the end of 10 years will be
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jeff jeffy answered 2 years agoRelated Solutions
Calculate the amount of money that will be in each of the following accounts at the...
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
$
900
16%
2
6
Vernell Coles
96,000
8
4
2
Tina Elliot
9,000
12
12
6
Wayne Robinson
120,000
10
6
5
Eunice Chung
29,000
18
3
6
Kelly Cravens
13,000
10
1
4
Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period:
(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 TIT
$ 1,000
10%
1
10
Vernell Coles
95,000
12
12
1
Tina Elliott
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
(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
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
(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) 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 comma 000 18
% 4 10 Vernell Coles 96 comma 000 8 2 3 Tina Elliot 9 comma 000 10
3 4 Wayne Robinson 119 comma 000 10 12 5 Eunice Chung 30...
a. The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each...
a. The aging of Torme Designs' accounts
receivable is shown below. Calculate the amount of each periodicity
range that is deemed to be uncollectible. If required, round your
answers to two decimal places.
Estimated Uncollectible Accts
Age Interval
Balance
Percentage
Amount
Not past due
$850,000
3.50%
$
1-30 days past due
47,500
5.00
31-60 days past due
21,750
10.00
61-90 days past due
11,250
20.00
91-180 days past due
5,065
30.00
181-365 days past due
2,500
50.00
Over 365 days...
Determine the amount to be added to Allowance for Doubtful Accounts in each of the following...
Determine the amount to be added to Allowance for Doubtful
Accounts in each of the following cases and indicate the ending
balance in each case.
a. Credit balance of $300 in Allowance for
Doubtful Accounts just prior to adjustment. Analysis of accounts
receivable indicates uncollectible receivables of $8,500.
Amount added
$
Ending balance
$
b. Credit balance of $500 in Allowance for
Doubtful Accounts just prior to adjustment. Uncollectible
receivables are estimated at 2% of credit sales, which totaled
$1,000,000...
For each of the following items, calculate the amount of revenue or expense that should be...
For each of the following items, calculate the amount of revenue
or expense that should be recognized on the income statement for
Pelkey Co. for the year ended December 31, 2016:
Required:
a. Cash collected from customers during the
year amounted to $878,000, and accounts receivable increased by
$46,300. How much were sales on account for the year ended December
31, 2016?.
b. Cash payments for income taxes during the
year were $189,000, and income taxes payable increased by $39,500....
Write a program to calculate the amount of money in an account: The user will input...
Write a program to calculate the amount of money in an
account:
The user will input initial deposit and the number of years to
leave that money in the account.
The interest is constant at 0.5% for the entire length of
time.
The output will be the balance, with interest compounded
annually.
(simple interest formula: interest = principal * rate)
What variables will you need to complete the program?
What “controls” will you need for the program?
What formula will...
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