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C3 Q3 Please help me solve all 4 parts Future value (with changing interest rates). Jose has $7,000 to invest for a 3-year period. He
C3 Q3 Please help me solve all 4 parts
Future value (with changing interest rates). Jose has $7,000 to invest for a 3-year period. He is looking at four different investment choices. What will be the value of his investment at the end of 3 years for each of the following potential investments? a. Bank CD at 3%. b. Bond fund at 9%. c. Mutual stock fund at 11%. d. New venture stock at 20%. a. What will be the value of Jose's bank CD investment that offers an annual rate of return of 3% for 3 years? $ (Round to the nearest cent.)Step by Step Solution
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