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

Exercise 5-2(Static) Future value; single amount (LO 5-2)
The four people below have the following investments.
Invested Amount Interest Rate Compounding
Jerry $ 13,00012% Quarterly
Elaine 16,0006 Semiannually
George 23,0008 Annually
Kramer 19,00010 Annually
Required:
1-a. Calculate the future value at the end of six years. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Who has the greatest investment accumulation? Calculate the future value at the end of six years.
Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
Future Value
Jerry
Elaine
George
Kramer Who has the greatest investment accumulation?
Who has the greatest investment accumulation?

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