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A customer opens a certificate of deposit of $492,937. The current CD-rate is 3% and the CD duration is 205 days. What is the amount
A customer opens a certificate of deposit of $492,937. The current CD-rate is 3% and the CD duration is 205 days. What is the amount due to the customer at expiration of the CD?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
