Question: Assume you are saving $ 1 0 , 0 0 0 that you recently inherited by depositing into a bank CD account with one year

Assume you are saving $10,000 that you recently inherited by depositing into a bank CD account with one year until maturity. The interest rate on your deposit is 6% and inflation is expected to be 8% over the next year.
a. How much money will you have in your bank account at the end of one year?
b. What is the real interest rate you expect to earn on your deposit over the next year?
c. If you are saving to buy a Mickey Mantle rookie card that currently sells for $10,500, will you have enough money from the savings to buy it next year when your CD matures?

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