# eodore Logan III's account at the end of 55 years will be

Question

# a. The amount of money in Theodore Logan III’s account at the end of 55 years will be

$nothing. (Round to the nearest cent.) b. The amount of money in Vernell Coles’ account at the end of 33 year(s) will be $nothing. (Round to the nearest cent.) c. The amount of money in Tina Elliot’s account at the end of 55 years will be $nothing. (Round to the nearest cent.) d. The amount of money in Wayne Robinson’s account at the end of 33 years will beCalculate the amount of money that will be in each of the following accounts at the end of the given depositperiod:

Account Holder | Amount Deposited | AnnualInterest Rate | Compounding Periods Per Year (M) | CompoundingPeriods (Years) |

Theodore Logan III | $1,000 | 12% | 2 | 5 |

Vernell Coles | $96,000 | 12% | 1 | 3 |

Tina Elliot | $8,000 | 10% | 3 | 5 |

Wayne Robinson | $118,000 | 8% | 4 | 3 |

Eunice Chung | $29,000 | 12% | 6 | 4 |

Kelly Cravens | $13,000 | 12% | 12 | 5 |

a. The amount of money in Theodore Logan III’s account at the end of 55 years will be $______. (Round to the nearest cent.)

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b. The amount of money in Vernell Coles’ account at the end of 33 year(s) will be $______. (Round to the nearest cent.)

c. The amount of money in Tina Elliot’s account at the end of 55 years will be $______. (Round to the nearest cent.)

d. The amount of money in Wayne Robinson’s account at the end of 33 years will be$_______. (round to the nearest cent)