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Author Question: Jack has $1,000 that he wishes to invest for the next two years. One-year CDs are currently paying ... (Read 206 times)

lunatika

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on: Apr 13, 2019

Jack has $1,000 that he wishes to invest for the next two years. One-year CDs are currently paying 8% while two-year CDs are paying 12% per annum. Economists are predicting that interest rates will rise by the end of the year. What is the minimum amount interest rates would have to increase to in order for the one-year CD to be better than the two-year CD?


◦ 16%
◦ 14%
◦ 12%
◦ 10 %
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by lunatika on Apr 13, 2019

Anna

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Reply #1 on: Apr 13, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lunatika

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Reply #2 on: Apr 13, 2019
TY


Anna

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Reply #3 on: Apr 13, 2019
You're welcome


minhminh

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Reply #4 on: Oct 24, 2019
Thank you


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