What is the interest rate on a 2-year certificate
Chapter , Problem 15-11(choose chapter or problem)
What is the interest rate on a 2-year certificate ofdeposit at a bank or credit union in your area? Whatis the mostrecentvalue ofthe ConsumerPrice Index(CPI)? If inflation matches that rate, what is the realrate of return on the 2-year CD? Include referencesfor the sources of your data.
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