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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry Elaine $ 11,900 12% Quarterly 14,900 10 Semiannually George 21,900
The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry Elaine $ 11,900 12% Quarterly 14,900 10 Semiannually George 21,900 6 Kramer 17,900 8 Annually 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? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the future value at the end of five years. Note: Use Excel or a financial calculator. Round your answers to 2 decimal places. Future Value Jerry Elaine George Kramer
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