Staci's investment is worth today <u>$1,242.58</u>.
Shelli's investment is worth today <u>$1,107.83</u>.
<h3>What is the future value of an investment?</h3>
The future value of an investment is the present value compounded periodically at an interest rate.
The future value can be determined using an online finance calculator as below.
<h3>Data and Calculations:</h3>
Staci's investment = $900
Investment period = 3 years
Interest rate = 10.8% compounded monthly
Stack's twin investment = $800
Investment period = 3 years
Interest rate = 11% compounded quarterly
<h3>Staci's investment:</h3>
N (# of periods) = 36 months (3 x 12)
I/Y (Interest per year) = 10.8%
PV (Present Value) = $900
PMT (Periodic Payment) = $0
<u>Results</u>:
FV = $1,242.58
Total Interest = $342.58
<h3>Shelli's investment:</h3>
N (# of periods) = 12 quarters (3 x 4)
I/Y (Interest per year) = 11%
PV (Present Value) = $800
PMT (Periodic Payment) = $0
<u>Results</u>:
FV = $1,107.83
Total Interest $307.83
Thus, the worth of Staci's investment today is <u>$1,242.58</u>, while Shell's is <u>$1,107.83</u>.
Learn more about determining future value at brainly.com/question/24703884
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