The four people below have the following investments.
tabletableInvestedAmounttableInterestRateCompoundingJerry$QuarterlyElaineSemiannuallyGeorgeAnnuallyKramerAnnually
Required:
a Calculate the future value at the end of five years. FV of $ PV of $ FVA of $ and PVA of $
b Who has the greatest investment accumulation?
Complete this question by entering your answers in the tabs below.
Req
Req
Calculate the future value at the end of five years.
Note: Use Excel or a financial calculator. Round your answers to decimal places.
tableFuture ValueJerryElaineGeorgeKramer