You have just inherited $10,000 and are researching options to invest this amount for 5 years. Your options are:

Purchase a Certificate of Deposit that pays 2% annual interest, compounded.

Purchase a bond that pays 1% annual interest, semiannually, compounded.

Deposit the amount in a checking account which pays 6% annual interest, quarterly, compounded.

1. Calculate the returns of each of the above options at the end of the 5 years. Show your calculations for each option.