Question
The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $ 11,300 12% Quarterly Elaine 14,300 10 Semiannually George 21,300 6
The four people below have the following investments.
| Invested Amount | Interest Rate | Compounding | |
|---|---|---|---|
| Jerry | $ 11,300 | 12% | Quarterly |
| Elaine | 14,300 | 10 | Semiannually |
| George | 21,300 | 6 | Annually |
| Kramer | 17,300 | 8 | Annually |
Required:
1-a. Calculate the future value at the end of five years. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Who has the greatest investment accumulation?
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
