Question: pls answer all questions with explanations thx Future value (with changing interest rates). Jose has $2,000 to invest for a year period He is looking
Future value (with changing interest rates). Jose has $2,000 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 6 years for each of the following potential investments? a. Bank CD 3% b. Bond fund at 8.5% c. Mutual stock fund at 13% d. New venture stock at 23% a What will be the value of Jose's bank CD investment that offers an annual rate of retum of 3% for 6 years? SU (Round to the nearest cert) 11 b. What will be the value of Jose's bond fund investment that offers an annual rate of return of 85% for 6 years? (Round to the nearest cent.) 18 c. What would be the value of Jose's mutual stock fund investment if it earns an annuale of retum of 13% for 6 years? Ann (Round to the nearest cent) Pasid. What would be the value of Jose's new venture stock investment i teams and retum of 23% for 6 years? Cun Enter your answer in each of the answer boxes 2 Save for Later OVO 11:40 ON $ back & 96 5 00* 9 0 6 7 3 O e C d g n b m C alt curi
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