A $1 million jumbo CD is paying a quoted 2.55 percent interest rate on 150-day maturity CDs.

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A $1 million jumbo CD is paying a quoted 2.55 percent interest rate on 150-day maturity CDs. How much money will you have at maturity if you invest in the CD?Please show your work:

Posted Date: May 18, 2024 11:12 PM

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A $1 million jumbo CD is paying a quoted 2.55 percent interest rate on 150-day maturity CDs.

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