Question: Future value (with changing years). Dive Bark offers a cerffcate of deposit with an opton to seiect your own investment period. Jonathan has 56.000 for
Future value (with changing years). Dive Bark offers a cerffcate of deposit with an opton to seiect your own investment period. Jonathan has 56.000 for his CD investment. If the bank is oflering a 3 \% interest rate, compounded annusly, how much will the CD be worth at maturily it Jonathan picks a a. twoyear imvestment period? b. fivo-year investment period? c. eighlyear investment period? d. tfteenyoar investment period? a. How much wilt the 36.000 CD westrent at 3s interest fate be worth at maturity 1 Jonathan picks a 2 year investment poriod? (Round to the nearest cent) (Round to the nearest cent) e. How much wil the 18.000CD inestment at 3\% interest tate be werts at maturity f Jonathan picks a 8-year invostment period? (Hound to the nearest cent) (Round to the rearest cert)
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