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Future value​ (with changing interest​ rates). Jose has ​$8,000 to invest for a 2​-year period. He...

Future value​ (with changing interest​ rates). 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 4.5​%.

b.  Bond fund at 7.5​%.

c. Mutual stock fund at 12​%.

d.  New venture stock at 25​%.

a.  What will be the value of​ Jose's bank CD investment that offers an annual rate of return of 4.5​% for 2 ​years? ​$ ___  ​(Round to the nearest​ cent.)

b.  What will be the value of​ Jose's bond fund investment that offers an annual rate of return of 7.5​% for 2 ​years? ​$ ___​ (Round to the nearest​ cent.)

c.  What would be the value of​ Jose's mutual stock fund investment if it earns an annual rate of return of 12​% for 2 ​years? ​$___ ​(Round to the nearest​ cent.)

d.  What would be the value of​ Jose's new venture stock investment if it earns an annual rate of return of 25​% for 2 ​years? ​$____ ​(Round to the nearest​ cent.)

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