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5.a. Future Value of a Present Amount Investment. Dale wants to invest the $50,000 received from his grandfather's estate. Dale plans to use the inheritance

5.a. Future Value of a Present Amount Investment. Dale wants to invest the $50,000 received from his grandfather's estate. Dale plans to use the inheritance to defray the cost of his doctorial education. How much will Dale have in five years if he earns a 2% on the investment by putting it into a CD?

5b. Future Value of a Present Amount Investment. From 5.a, how much will he have if Dale receives a 7% return in a stock mutual fund?

5.c. Future Value of a Present Amount Investment. From 5.a, how much will he have if Dale receives a 20% return in a well-performing tech stock?

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