Question: Future value ( with changing interest rates ) . Jose has $ 6 comma 0 0 0 6 , 0 0 0 to invest for
Future valuewith changing interest rates Jose has
$ comma
to invest for a
year
period. He is looking at four different investment choices. What will be the value of his investment at the end of
years for each of the following potential investments?
aBank CD at
bBond fund at
c Mutual stock fund at
dNew venture stock at
Question content area bottom
Part
aWhat will be the value of Jose's bank CD investment that offers an annual rate of return of
for
years
$enter your response here
Round to the nearest cent.
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