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Zielflug [23.3K]
4 years ago
12

A. Bank A offers a CD rate of 7% for 5 years.

Business
1 answer:
Fofino [41]4 years ago
5 0

Answer:

A) Bank A offers a CD rate of 7% for 5 years.

Explanation:

Bank A offers the highest interest rate, 7% for five years.

Bank B offers the lowest interest rate, so that option should be eliminated.

Bank C offers a 6% interest rate for 5 years plus a $10 gas card. The gas card is just a perk with a very low value. For example, if you deposit $200 in bank A you will earn $10.20 more than if you deposited the money in bank C, and $200 is a very small amount of money for a business.

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3 years ago
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Answer: Nominal interest rate.

Explanation:

Nominal interest rate is the interest rate before inflation is taken into account.

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3 0
3 years ago
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Answer:

The answer is below

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