His credit union offers 395 for 1 year term or 385 for 6


Fred wants to invest an inheritance of $50000 for 1 year. His credit union offers 3.95% for 1 year term or 3.85% for 6 month term. How much will Fred earn after 1 year?

Solution Preview :

Prepared by a verified Expert
Business Management: His credit union offers 395 for 1 year term or 385 for 6
Reference No:- TGS02853526

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)