Question: Future value (with changing interest rates). Jose has $8,000 to invest for a 2-year period. He is looking at four different investment choices. What will
Future value (with changing interest rates). Jose has $8,000 to invest for a 2-year period. He is looking at four different investment choices. What will be the value of his investment at the end of 2 years for each of the following potential investments? a. Bank CD at 3.5% b. Bond fund at 7% c. Mutual stock fund at 14% 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 3.5% for 2 years? $ (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 7% for 2 years? SE(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 14% for 2 years? S (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 2 years? Enter your answer in each of the answer boxes
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