Question: Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $6,500 for


Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $6,500 for his CD investment. If the bank is offering a 4% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? c. eight-year investment period? d. fifteen-year investment period? a. How much will the $6.500 CD investment at 4% interest rate be worth at maturity if Jonathan picks a 2-year investment period? (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer CHERAS Future values. Fill in the future values for the following table, using one of the three methods below. a. Use the future value formula, FV=PVX (1+r). b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet Present Value Interest Rate Number of Periods Future Value $ 212.00 3.596 5 $ (Round to the nearest cent.) Data Table w (Click on the following icon in order to copy its contents into a spreadsheet.) Interest Rate Number of Perods Future Value 3.5% 5 ? Present Value $212.00 $16.432.00 $37.786.00 $25 206.00 7% 30 2 11.5% 21 ? 18% 13 2 Print Done Enter your answer in the answer box and then click Check
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