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Future value ( with changing interest rates ) . Jose has $ 2 , 0 0 0 to invest for a 5 - year period.

Future value (with changing interest rates). Jose has $2,000 to invest for a 5-year period. He is looking at four different investment choices. What will be the value of his investment at the end of 5 years for each of the following potential investments?
a. Bank CD at 3%.
b. Bond fund at 7.5%.
c. Mutual stock fund at 12%.
d. New venture stock at 24%.
a. What will be the value of Jose's bank CD investment that offers an annual rate of return of 3% for 5 years?
$ (Round to the nearest cent.)
b. What will be the value of Jose's bond fund investment that offers an annual rate of return of 7.5% for 5 years?
$ (Round to the nearest cent.)
c. What would be the value of Jose's mutual stock fund investment if it earns an annual rate of return of 12% for 5 years?
$ (Round to the nearest cent.)
d. What would be the value of Jose's new venture stock investment if it earns an annual rate of return of 24% for 5 years?
$ (Round to the nearest cent.)
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