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?

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
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Exercise 5-2 (Algo) Future value; single amount (LO 5-2)
The four people below have the following investments.
Invested
Amount
$ 11,500
14,500
21,500
17,500
Jerry
Elaine
George
Kramer
Req 1A
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?
Jerry
Elaine
George
Kramer
Interest
Rate
Complete this question by entering your answers in the tabs below.
Req 1B
$
12%
8
7
9
Future Value
Compounding
Quarterly
Semiannually
Calculate the future value at the end of three years.
Note: Use Excel or a financial calculator. Round your answers to 2 decimal places.
Annually
Annually
16,156.70
< Req 1A
Req 1B >
Transcribed Image Text:Exercise 5-2 (Algo) Future value; single amount (LO 5-2) The four people below have the following investments. Invested Amount $ 11,500 14,500 21,500 17,500 Jerry Elaine George Kramer Req 1A 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? Jerry Elaine George Kramer Interest Rate Complete this question by entering your answers in the tabs below. Req 1B $ 12% 8 7 9 Future Value Compounding Quarterly Semiannually Calculate the future value at the end of three years. Note: Use Excel or a financial calculator. Round your answers to 2 decimal places. Annually Annually 16,156.70 < Req 1A Req 1B >
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