Question: Future value (weith changing interest rates). Jose has $5,000 to invest for a 5 -yoar period. He in looking at four different mvestment chaices. What
Future value (weith changing interest rates). Jose has $5,000 to invest for a 5 -yoar period. He in looking at four different mvestment chaices. What wit be the value of hir invastment an the ond of 5 years for each of the following potential investments? a. Bank CD at 3%. b. Bond fand at 8.5%. a. Mutual stock fund at 11% : d. New vertare slock al 22%. What wil be the value of Joses bank CD investmont that offers an arnual rate of retum of 3% for 5 years? (Found to the nearest cent.) th. What will be the valie of Jose's bond fund hiesthent that olen an annuil mete of tetian of 8.5% for 5 yearn? (Found to the nearew cent) c. What would be the value of Jote's mutual stock fund investment it a earna an arnual tato of retum of 11% for 5 years? (Round to the nearest cent.) d. What would be the value of Jose's new venture stock investment if it eams as annual rate of return of 22% for 5 years? (Round to the nearest cent)
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