Jose has

$4,000

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

3.5%.

b.Bond fund at

8.5%.

c. Mutual stock fund at

11%.

d.New venture stock at

25%.

Question content area bottom

Part 1

a.What will be the value of Jose's bank CD investment that offers an annual rate of return of

3.5%

for

2

years?

$enter your response here

(Round to the nearest cent.)