Homework i Saved Help Save & Exit Submit Check my work Brief Exercise C-2 (Static) Understand simple versus compound interest for future value (LO C-1, C-2) An investment account offers a 12% annual return. If $50,000 is placed in the account for two years, by how much will the investment grow if interest is compounded (a) annually, (b) semiannually, (c) quarterly, or (d) monthly? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Future Value Initial Investment $ 50,000 a. Annual Interest Period Rate Compounded Invested 12% Annually 2 years 12% Semiannually 2 years 12% Quarterly 2 years 12% Monthly 2 years b. C 50,000 50,000 50,000 d