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Calculate the price of a 90 day negotiable certificate of deposits with a face value of $1 million and its price 30 days later, assuming

Calculate the price of a 90 day negotiable certificate of deposits with a face value of $1 million and its price 30 days later, assuming that it was traded at 6% p.a. in both cases. How much interest was accumulated during the 30 days? (15 marks)

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