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A 60-day $1 million negotiable CD has a 3.0% annual rate quote. If you purchase the CD, how much will you collect in 60 days?
A 60-day $1 million negotiable CD has a 3.0% annual rate quote. If you purchase the CD, how much will you collect in 60 days?
A) $1,050,000 B) $1,004,000 C) $1,000,000 D) $1,030,000 E) $1,010,000
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