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The four people below have the following investments. Invested Interest Amount Rate Compounding $ Jerry 12% Quarterly 12,000 Elaine 15,000 8 Semiannually George22,000 7
The four people below have the following investments. Invested Interest Amount Rate Compounding $ Jerry 12% Quarterly 12,000 Elaine 15,000 8 Semiannually George22,000 7 9 Annually Annually Kramer18,000 Required: 1-a. Calculate the future value at the end of four 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 four 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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