Question: A 1 8 0 - day $ 3 million CD has a 3 . 2 5 percent annual rate quote. If you buy the CD

A 180-day $3 million CD has a 3.25 percent annual rate quote. If you buy the CD, how much will you collect in 180 days?
Group of answer choices
$3,062,877
$3,063,750
$3,047,439
$3,048,750

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