Jose has $5,000 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%.
b.Bond fund at 7%.
c. Mutual stock fund at 15%.
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% for 2 years? $ nothing (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% for 2 years? $ nothing (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 15% for 2 years? $ nothing(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?
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