Jose has $6,000 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 5%

b. bond fund at 8%

c mutual stock fund at 15%

d. new venture stock at 20%

(round all answers to the nearest cent)

a. What will be the value of Jose's bank CD investment that offers an annual rate of return of 5% for 2

years?

b. What will be the value of Jose's bond fund investment that offers an annual rate of return of 8% for 2

years?

c. What would be the value of Jose's mutual stock fund investment if it earns an annual rate of return of 15% for 2

years?

d. What would be the value of Jose's new venture stock investment if it earns an annual rate of return of 20% for 2 years?