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A 120-day $500,000 CD has a 0.75% annual rate. If you buy the CD, how much will you collect in 120 days? (Hint: CD yield

A 120-day $500,000 CD has a 0.75% annual rate. If you buy the CD, how much will you collect in 120 days? (Hint: CD yield is single-payment yield) $ (Do not round intermediate calculations.)

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