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shepherd shepherd
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8 years ago
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 percent. 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 make the one-year CD better than the two-year?
A) 14 percent      B) 12 percent      C) 16%        D) 10 percent
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Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
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#3
8 years ago
Happy to help Slight SmileSlight Smile
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