Jerry's future value is $24,978.80
Elaine future value is 19,352.40
George future value is 31,443.62
Kramer future value is 28,022.87
Kramer has the greatest investment accumulation because he earned the highest interest.
<h3>What are the future values?</h3>
The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Jerry : 11,400 x ( 1 + 0.12/4)^(4 x 5) = 24,978.80
Elaine : 14,400 x (1 + 0.06/2)^(2 x 5) = 19,352.40
George: 21,400 x (1.08)^5 = 31,443.62
Kramer : 17,400 x (1.10)^5 = 28,022.87
To learn more about future value, please check: brainly.com/question/18760477
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