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Normandy textiles had a cash inflow of $1 million, which it needs for a long-term investment at the end of one year. It plans to

Normandy textiles had a cash inflow of $1 million, which it needs for a long-term investment at the end of one year. It plans to deposite this money in bank CD that pays daily interest at a 3.75 % APR. What will be the value of the investment at the end of the year? ( round to the nearest dollar)

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