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A mutual fund agreed to purchase a 90-day negotiable CD that has a quoted annual interest rate of 50 basis points for $100,000. Assuming the
A mutual fund agreed to purchase a 90-day negotiable CD that has a quoted annual interest rate of 50 basis points for $100,000. Assuming the mutual fund holds the CD until maturity, how much will their CD be worth in 90 days? Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign when entering your response. Assume a 360 day year
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