A certificate of deposit from a bank pays a rate of 905


A certificate of deposit from a bank pays a rate of 9.05%. Over the same time period, the general inflation rate is 2.6%. What is the approximate net return?

Not quite sure what to do. Please show your work

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: A certificate of deposit from a bank pays a rate of 905
Reference No:- TGS01667337

Expected delivery within 24 Hours