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ose has $2,000 to invest for a 5-year period. He is looking at four different investment choices. What will be the value of his investment
ose has $2,000 to invest for a 5-year period. He is looking at four different investment choices. What will be the value of his investment at the end of 5 years for each of the following potential investments?
a.Bank CD at 3.5%.
b.Bond fund at 8%. c. Mutual stock fund at 13%.
d.New venture stock at 21%.
a.What will be the value of Jose's bank CD investment that offers an annual rate of return of 3.5% for 5 years?
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