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The four people below have the following investments. Interest Invested Amount Rate Compounding Jerry $12,200 12% Quarterly Elaine. 15,200 10 Semiannually George 22,200 6 Annually
The four people below have the following investments. Interest Invested Amount Rate Compounding Jerry $12,200 12% Quarterly Elaine. 15,200 10 Semiannually George 22,200 6 Annually Kramer 18,200 8 Annually Required: 1-a. Calculate the future value at the end of three years. (FV of $1, PV of $1. FVA of $1, and PVA of $1) 1-b. Who has the greatest investment accumulation? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the future value at the end of three years. (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Future Value Jerry Elaine George Kramer
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