Business, 11.12.2019 21:31 elsabramasco1161
The employee credit union at state university is planning the allocation of funds for the coming year. the credit union makes four types of loans to its members. in addition, the credit union invests in risk-free securities to stabilize income. the various revenue-producing investments together with annual rates of return are as follows: type of loan/investment annual rate of return (%)automobile loans 8furniture loans 10other secured loans 11signature loans 12risk-free securities 9the credit union will have $2 million available for investment during the coming year. state laws and credit union policies impose the following restrictions on the composition of the loans and investments.
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The employee credit union at state university is planning the allocation of funds for the coming yea...
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