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1) $2,000,000.00 is invested at the beginning of April. On April 11 $50,000.00 is withdrawn from the same account. At the end of April the
1) $2,000,000.00 is invested at the beginning of April. On April 11 $50,000.00 is withdrawn from the same account. At the end of April the account is worth $1,980,000.00. The cash-flow adjusted rate of return for April is % 5) You are purchasing a $6,250,000.00 Money Market CD that matures in 19 days and is quoted as a 5.53% interest at maturity. How much interest will you earn if you hold this CD to maturity? $
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