Question: Exercise 5 - 2 ( Algo ) Future value; single amount ( LO 5 - 2 ) The four people below have the following investments.

Exercise 5-2(Algo) Future value; single amount (LO 5-2)
The four people below have the following investments.
Invested AmountInterest RateCompoundingJerry$ 12,20012%QuarterlyElaine15,20010SemiannuallyGeorge22,2006AnnuallyKramer18,2008Annually
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?

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