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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $ 11,800 12% Quarterly Elaine 14,800 8 Semiannually George 21,800
The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $ 11,800 12% Quarterly Elaine 14,800 8 Semiannually George 21,800 7 Annually Kramer 17,800 9 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? es 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. Note: Use Excel or a financial calculator. Round your answers to 2 decimal places. Future Value Jerry Elaine George Kramer Req 1A Req 1B >
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