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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $11,400 12% Quarterly Elaine 14,400 6 Semiannually George 21,400 8 Annually

The four people below have the following investments.

Invested Amount Interest Rate Compounding
Jerry $11,400 12% Quarterly
Elaine 14,400 6 Semiannually
George 21,400 8 Annually
Kramer 17,400 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.)

Jerry, I got 10,128.79

Elaine 10,714.90

George 14,564.41

Kramer 10,804.00

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