Future value (with changing interest rates). Jose has $2,000

to invest for a 4-year

period. He is looking at four different investment choices. What will be the value of his investment at the end of 4

years for each of the following potential investments?

a.Bank CD at 3%.

b.Bond fund at 8.5%.

c. Mutual stock fund at 12%.

d.New venture stock at 21%.

a.What will be the value of Jose's bank CD investment that offers an annual rate of return of 3%

for 4

years?

$nothing

(Round to the nearest cent.)

b.What will be the value of Jose's bond fund investment that offers an annual rate of return of 8.5%

for 4

years?

$nothing

(Round to the nearest cent.)

c.What would be the value of Jose's mutual stock fund investment if it earns an annual rate of return of 12%

for 4

years?

$nothing

(Round to the nearest cent.)

d.What would be the value of Jose's new venture stock investment if it earns an annual rate of return of 21%

for 4

years?

$nothing

(Round to the nearest cent.)