An investment account offers a 12% annual return. If $50,000 is placed in the account for two years, by how much will the investment grow if interest is compounded (a) annually, (b) semiannually, (c) quarterly, or (d) monthly? (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) a b. C d Initial Investment $ 50,000 50,000 50,000 50,000 Annual Rate Interest Compounded 12% Annually 12% Semiannually Quarterly 12% 12% Monthly Period Invested 2 years 2 years 2 years 2 years Future Value

An investment account offers a 12% annual return. If $50,000 is placed in the account for two years, by how much will the investment grow if interest is compounded (a) annually, (b) semiannually. (c) quarterly, or (d) monthly? (FV of \$1. PV of S1. EVA of \$1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)