Actually, I think I just figured it out. In the first example, CPI increases 2% in 6 months. In the second example, CPI increases 4% in a year. So, the 2% increase is at the 6 month mark. The next 2% comes at the next interest payment… Is that right?
Yes, @Gray - you’re right! I know it might seem written in a weird way, but I’m glad you’re paying attention to the details. You should be ready for questions that present CPI changes in either 6 month or 1 year increments.