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Eureka Co . has a cash inflow of $ 1 million, which it needs for a long - term investment in one year. It plans

Eureka Co

.

has a cash inflow of $

1

million, which it needs for a long

-

term investment in one year. It plans to deposit the funds into a bank CD that pays daily interest at an annual rate of

2.59

percent. What will be the value of the investment at the end of the year?

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