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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $13,000 12% Quarterly Elaine 16,000 6 Semiannually George 23,000 8 Annually
| The four people below have the following investments. |
| Invested Amount | Interest Rate | Compounding | ||
| Jerry | $13,000 | 12% | Quarterly | |
| Elaine | 16,000 | 6 | Semiannually | |
| George | 23,000 | 8 | Annually | |
| Kramer | 19,000 | 10 | Annually | |
| Required: |
| 1-a. | Calculate the future value for five years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) | ||||||
|
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Advanced Auditing And Assurance
Authors: Louise Kelly
1st Edition
978-1908199362
