Future value (with changing interest rates). Jose has $8,000 to invest for a 2-year period. He is looking at four different investment choices.

What will be the value of his investment at the end of 2 years for each of the following potential investments?

a.Bank CD at 4.5%.

b.Bond fund at 7.5%.

c. Mutual stock fund at 12%.

d.New venture stock at 25%.

a.What will be the value of Jose's bank CD investment that offers an annual rate of return of 4.5% for 2 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 2 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 2 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 25% for 2 years? $____(Round to the nearest cent.)