Interest rates available on certificates of deposit (CDs) in recent years have been exponentially higher than where they started the decade. In 2020, for example, they hovered around or below 1%. But ...
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. For corporations, the rate for overpayments will be 6%, while the rate will be 7% for underpayments ...
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