
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Melissa and Parker each deposit the money they earn at their summer jobs in bank accounts that pay different interest
deposits $520, and Parker initially deposits $550. The table shows the amounts they have in each of their accounts for th
Time
(quarters of
a year)
1
2
3
4
Melissa's
Total ($)
520.00
527.80
535.72
543.75
Parker's
Total ($)
550.00
555.50
561.06
566.67
What is the total in the 8th quarter for each person? Round your answer to the
nearest cent.
Melissa's Total: $ type your answer...
type your answer...
Complete the sentence below for the money in the 12th quarter.
Rounded to the nearest cent, in quarter 12, Melissa's total with be $
type your answer...
, and Parker's total will be $
type your answer...
So, Melissa will have
choose your answer...
money than Parker.
choose your answer...
less
more
.Parker's Total: $
Complete the sentence below for the money they will have earned after 16
quarters,.
Rounded to the nearest cent, after 16 quarters, Melissa will have earned $
type your answer...
and Parker will have earned $
type your answer...
choose your answer...
choose your answer...
less
more
So, Melissa will have earned
A money that Parker.
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