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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry

The four people below have the following investments.

Invested Amount Interest Rate Compounding

Jerry $

12, 400 12 %

Quarterly

Elaine

15, 400 6

Semiannually

George

22, 400 8

Annually

Kramer

18, 400 10

Annually

Required:

1 -

.

Calculate the future value at the end of three years.

(

FV of $

1,

PV of $

1,

FVA of $

1,

and PVA of $

1)

1 -

.

Who has the greatest investment accumulation?

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