The four people below have the following investments. Jerry Elaine George Kramer Invested Amount $ 11,800 14,800 21,800 17,800 Interest Rate 12% 8 7 9 Compounding Quarterly Semiannually Annually Annually Required: 1-a. Calculate the future value at the end of three 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.
The four people below have the following investments. Jerry Elaine George Kramer Invested Amount $ 11,800 14,800 21,800 17,800 Interest Rate 12% 8 7 9 Compounding Quarterly Semiannually Annually Annually Required: 1-a. Calculate the future value at the end of three 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.
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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The four people below have the following investments.
Invested
Amount
$ 11,800
14,800
21,800
17,800
Jerry
Elaine
George
Kramer
Req 1A
Interest
Rate
Required:
1-a. Calculate the future value at the end of three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Who has the greatest investment accumulation?
Req 1B
Jerry
Elaine
George
Kramer
12%
8
7
9
Complete this question by entering your answers in the tabs below.
Compounding
Quarterly
Semiannually
Future Value
Annually
Annually
Calculate the future value at the end of three years.
Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
< Req 1A
Req 1B >
2
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