In this scenario, you will look at the impact of interest rates on your savings. Suppose that you have $2,000 of savings. You dont anticipate needing to dip into these funds in the next five years. Based on the information provided in the table, calculate the future value (FV) of $2,000 at the end of years 1 and 5 if it were to be completely invested in each of the different cash management products.

Product	Annual Interest Rate	Restrictions/Fees on Product Usage	FV at end of Year 1	FV at end of Year 5
Checking Account	0.00%	No minimum No limit on withdrawals	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value:	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value:
Savings Account	1.50%	No minimum Limited to 3 withdrawals per month	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value:	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value:
Certificate of Deposit (CD)	5%	$500 minimum balance Early withdrawal penalty: 180 days of interest plus $25	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value:	Answer: Inputs: Interest Rate per Time Period: Number of Time Periods: Present Value: