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Suppose a customer purchases a s1 million 90-day cd

Question: Suppose a customer purchases a S1 million 90-day CD, carrying a promised 6 percent annualized yield. How much in interest income will the customer earn when this 90-day instrument. matures?

- What total volume of funds will be available to the depositor at the end of 90 days?

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Finance Basics: Suppose a customer purchases a s1 million 90-day cd

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