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Search online, and find the following data: Current interest rate for a savings account. You can find a savings account from any bank. List the
Search online, and find the following data:
Current interest rate for a savings account. You can find a savings account from any bank. List the name of the bank and the savings account. Write down its savings interest rate.
Current interest rate for a home mortgage. Find a home mortgage year fixed or year fixed from the same bank. List the name of the bank and the home mortgage. Write down its borrowing interest rate.
Current inflation rate.
Calculate the real savings interest rate, and the real home mortgage interest rate based on the data you collect. Leave your comments on these numbers.
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