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Jason corpciration purchases a 45-day negotiable cd with a

Question: Jason Corpciration purchases a 45-day negotiable CD with a $5 million denomination from Payson Bank and Trust, bearing a 5.25 percent annual yield. How much in interest will the bank have to pay when this CD matures? What amount in total will the bank have to pay back to Itec at the end of 45 days?

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Finance Basics: Jason corpciration purchases a 45-day negotiable cd with a

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