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WDC Bank lends $20,000,000 to Foggy Bottom Bank at the single payment yield of 1.5% for 14 days in Federal Funds market. How much will
WDC Bank lends $20,000,000 to Foggy Bottom Bank at the single payment yield of 1.5% for 14 days in Federal Funds market. How much will WDB Bank be paid at maturity? A. "$20,002,917" B. $20,007,778 C. $20,015,556 D. $20,011,667 E. $20,005,833
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