Assume the cpi increases from 100 to 110 explain the impact


Assume the CPI increases from 100 to 110. Explain the impact of this inflation (helped, hurt, not impacted) on each of the following: 

  1. A surveyor who took out a 5% fixed-rate loan last year to buy new equipment.
  2. A bank that awarded a 6% fixed-rate loan to a couple buying their first home.
  3. A company signs a contract to clean classrooms at a fixed rate for the next 5 years. The company does not have a labor contract with its employees.
  4. A union worker who received a 10% cost of living adjustment.
  5. A student who currently earns 2% interest on her savings account.

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Business Management: Assume the cpi increases from 100 to 110 explain the impact
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