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4 points Save Ans The Securities Exchange Commission has imposed a penalty on insider trading against a publicly traded company. The penalty calls for
4 points Save Ans The Securities Exchange Commission has imposed a penalty on insider trading against a publicly traded company. The penalty calls for annual payments of $65,000, $900,000, and $1.2 million respectively over the next three years. The first payment is due one year from today. The government plans to invest these funds and then donate the entire proceeds to a national securities training center. The government will earn 4.75% on their investments. How much will the national securities training center receive three years from today?
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