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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 to deposit the funds

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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 to deposit the funds into a bank CD that pays daily interest at an annual rate of 3.65 percent. What will be the value of the investment at the end of the year? (Round to the nearest dollar.) O $1,046,025 O $1,036,500 $1,037,172 O $1.020,475 Question 5 2 pts One of the example problems in your book dealt with "amortizing" an installment type loan. Suppose you borrow $22,000 at 12% interest, compounded annually and will repay the loan in equal annual payments, beginning next year, for six years. How much of your fourth payment went towards principal? $3,400 O $1,524

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