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Question 1 A bank has issued a six-month, $3 million negotiable CD with a 4.25 percent quoted annual interest rate. If yo the CD, how

Question 1 A bank has issued a six-month, $3 million negotiable CD with a 4.25 percent quoted annual interest rate. If yo the CD, how much will you collect in 6 months? $3,063,750.00 $3,127,500.00 $3,064,635.42 None of these is correct $2,956,113.22

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