Business

16 April, 05:17

Cambridge State Bank is paying 7% interest on its one-year certificate of deposit. Ifthe inflation rate is 4%, which of the following is the best approximation for the realrate of interest that Cambridge State Bank is paying? a. 2.88 %b. 1 ¾ %c. 3 %d. 11 %

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Cambridge State Bank is paying 7% interest on its one-year certificate of deposit. Ifthe inflation rate is 4%, which of the following is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged

You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year and make no additional contributions. a.

Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $58 a month. Their closing costs for refinancing will be $1,690.

What annual interest rate will cause your mon t to double in four years?

To remain relevant, human resources executives must be able to raise the value of the organization's human capital. True or False

New Questions in Business

You just inherited?$12 comma 00012,000. while you plan to squander some of it? away, how much should you deposit in an account earning 44?% interest per year if? you'd like to have?$12 comma 00012,000 in the account in 88? years?

Inc.'s capital structure features 40 percent equity, 60 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 15 percent. What will be TapDance's WACC? (Round your answer to 2 decimal places.) WACC %.

Which of the following choices is NOT a use for project plans in the workplace? A. event planning B. teacher lesson plans C. architectural blueprints D. memos about new corporate meeting times

Maria is worried about the representativeness of her study. she is conducting interviews, but each one seems to last at least 3 hours. given that she has one month to collect her data, what strategy might she use to increase her sample size?

What are some drawbacks and risks to a broad generic strategy? To a focused strategy?