Mathematics, 14.01.2020 05:31 asmita9876
You deposit $1,000 into a 2 year certificate of deposit (cd), which earns 2% interest per year. during those 2
years, the inflation rate runs 3% per year. which statement is accurate regarding what you can purchase at the
end of the cd's term?
l-
b interest rateic arater than inflation
Answers: 3
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You deposit $1,000 into a 2 year certificate of deposit (cd), which earns 2% interest per year. duri...
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