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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

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?

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