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28 July, 23:37

micheal has been saving his money and wants to invest it. after doing some research has decided to invest $20,000 into certificate of deposit

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  1. 28 July, 23:44
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    How much interest will michael earn on this cd in the first year, based on the nominal interest rate? $600

    How much interest will Michael earn on this CD in the first year, based on the real interest rate? $200

    This is correct 100%
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