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The four people below have the following investments. Jerry Elaine George Kramer Invested Interest Amount Rate $12,000 12% 15,000 8 22,000 7 18,000 9 Compounding
The four people below have the following investments. Jerry Elaine George Kramer Invested Interest Amount Rate $12,000 12% 15,000 8 22,000 7 18,000 9 Compounding Quarterly Semiannually Annually Annually 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) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Jerry Elaine George Kramer Future Value $ 21,673.32% 22,203.60 X 30,856.10 % 27,695.16 1-b. Who has the greatest investment accumulation? Jerry Elaine George Kramer
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