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Account Amount Dep Annual IR Compound per year (M) Compounding (Years) Logan $ 900 16% 1 5 Coles 96000 12% 4 2 Elliot 7000 10 12 5 Wayne 122000 12 6

Account          Amount Dep  Annual IR Compound per year (M) Compounding (Years)

Logan               $ 900              16%           1                                          5

Coles                 96000             12%           4                                         2

Elliot                  7000               10              12                                       5

Wayne              122000             12              6                                         3

Chung                 30000             12             2                                          4

Cravens                16000            12             3                                          5

a)      The amount of money in Logan account at the end of 5 yrs will be $.. ( round to the nearest cent)

b)      The amount of money in Coles account at the end of 2 yrs will be $ …( round to the nearest cent)

c)      The amount of money in Elliot account at the end of 5 yrs will be $….. ( round to the nearest cent)

d)     The amount of money in wayne  account at the end of 3 yrs will be $….. ( round to the nearest cent)

e)      The amount of money in chung account at the end of 4 yrs will be $….. ( round to the nearest cent)

The amount of money in Cravens account at the end of 5 yrs will be $….. ( round to the nearest cent

 
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