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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry Elaine $ 12,800 12% Quarterly 15,800 10 Semiannually George 22,800
The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry Elaine $ 12,800 12% Quarterly 15,800 10 Semiannually George 22,800 6 Annually Kramer 18,800 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? Req 1A Req 1B Calculate the future value at the end of three years. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. Future Value Jerry Elaine George Kramer Req 1A Req 1B Who has the greatest investment accumulation? Who has the greatest investment accumulation?
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