Eastlink Limited has a monthly payroll of $4 million. The payroll manager selects a short-term investment for

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Eastlink Limited has a monthly payroll of $4 million. The payroll manager selects a short-term investment for the money with a 0.6% p.a. rate. At the end of one month, what is the maturity value of Eastlink’s investment?

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The maturity value formula is V P x 1 rn You see th...View the full answer

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Dudhat Vaidehi

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