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Future value (with changing interest rates). Jose has $4,000 to invest for a 4-year period. He is looking at four different investment choices. What will
Future value (with changing interest rates). Jose has $4,000 to invest for a 4-year period. He is looking at four different investment choices. What will be the value of his investment at the end of 4 years for each of the following potential investments? a. Bank CD at 4%. b. Bond fund at 8%. 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 4% for 4 years? $ (Round to the nearest cent.) Waiting period. Jamal is waiting to be a millionaire. He wants to know how long he must wait if a. he invests $24,804.68 at 18% today? b. he invests $53,950.84 at 13% today? c. he invests $146, 117.83 at 8% today? d. he invests $279,376.89 at 7% today? a. How long will Jamal have to wait to become a millionaire if he invests $24,804.68 at 18% today? | years (Round to the nearest whole number.)
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