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Future value (with changing years). Dixie Bark offers a certificate of deposit with an option to select your own investment period. Jonathan has $8,000 for
Future value (with changing years). Dixie Bark offers a certificate of deposit with an option to select your own investment period. Jonathan has $8,000 for his CD investment. If the bank is offering a 4% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. three-year investment period? b. five-yesr investment period? c. ten-year investment period? d. fifteen-year investment period? a. How much wim the $8,000 CD investrvent at 4% interest rate be worth at maturity if Jonathan picks a 3 -year investment period? (Round to the nearest cent)
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