Exercise 5-2 (Algo) Future value; single amount (LO 5-2) The four people below have the following investments. Invested Amount Jerry Elaine George Kramer Req 1A $ 11,900 14,900 21,900 17,900 Jerry Elaine George Kramer Interest Rate Required: 1-a. Calculate the future value at the end of five years. (FV of $1, PV of $1, FVA of S 1-b. Who has the greatest investment accumulation? Req 1B 12% Complete this question by entering your answers in the tabs below. 10 6 8 Future Value Compounding Quarterly Semiannually Annually Annually Calculate the future value at the end of five years. Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
Exercise 5-2 (Algo) Future value; single amount (LO 5-2) The four people below have the following investments. Invested Amount Jerry Elaine George Kramer Req 1A $ 11,900 14,900 21,900 17,900 Jerry Elaine George Kramer Interest Rate Required: 1-a. Calculate the future value at the end of five years. (FV of $1, PV of $1, FVA of S 1-b. Who has the greatest investment accumulation? Req 1B 12% Complete this question by entering your answers in the tabs below. 10 6 8 Future Value Compounding Quarterly Semiannually Annually Annually Calculate the future value at the end of five years. Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Exercise 5-2 (Algo) Future value; single amount (LO 5-2)
The four people below have the following investments.
Invested
Amount
Jerry
Elaine
George
Kramer
Req 1A
$ 11,900
14,900
21,900
17,900
Jerry
Elaine
George
Kramer
Interest
Rate
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?
Req 1B
12%
Complete this question by entering your answers in the tabs below.
10
6
8
Future Value
Compounding
Quarterly
Semiannually
Annually
Annually
Calculate the future value at the end of five years.
Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
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