Kyle has $2,200 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate of deposit (cd) so that he will have a down payment on a car when he graduates from college in five years. his bank will pay 2.6% per year, compounded annually, for the five-year cd. how much will kyle have in five years to put down on his car?

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?