With 1
percent as the cost
of funds for a $ 10,000 cash advance, assume an investor invested this borrowed amount
in a one - year
certificate of deposit that carries an interest rate
of 3
percent.
In today's interest rate environment, if you're willing to lock up your money for five years in a certificate of deposit, you might be able to earn 2 percent per year on your saving
In today's interest rate environment, if you're willing to lock up your money for five years
in a certificate of deposit, you might be able to earn 2 percent per year on your saving
in a
certificate of deposit, you might be able to earn 2
percent per year on your savings.