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lisabon 2012 [21]
3 years ago
13

You deposit $1,000 into a 2 year Certificate of Deposit (CD), which earns 2% interest per year. During those 2 years, the inflat

ion rate runs 3% per year. Which statement is accurate regarding what you can purchase at the end of the CD's term? *
Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

The purchasing power will be lesser reason been that the inflation rate of 3% is higher than the interest rate of 2% that is earn by you

Explanation:

Based on the information given the statement that is accurate based on what you can purchase at the end of the Certificate of Deposit ( CD's) term is that your purchasing power will be lesser reason been that the inflation rate of 3% per year is higher than the interest rate of 2% per year that is earn by you .

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