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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Please do not give answer in image formate

Transcribed Image Text:The four people below have the following investments.
Invested
Amount
$ 11,300
14,300
21,300
17,300
Jerry
Elaine
George
Kramer
Req 1A
Required:
1-a. Calculate the future value at the end of five years. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Who has the greatest investment accumulation?
Interest
Rate
12%
10
6
8
Complete this question by entering your answers in the tabs below.
Req 1B
Jerry
Elaine
George
Kramer
Compounding
Quarterly
Semiannually
Annually
Annually
Future Value
Calculate the future value at the end of five years.
Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.
< Req 1A
Req 1B >
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