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 3%.

b.Bond fund at 8.5%.

c. Mutual stock fund at 14%.

d.New venture stock at 23%.

a.What will be the value of Jose's bank CD investment that offers an annual rate of return of 3% for 2 years