Dynoxo Textiles has a cash inflow of $2 million, which it needs for a long-term investment, at

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Dynoxo Textiles has a cash inflow of $2 million, which it needs for a long-term investment, at the end of one year. It plans to deposit the money in a bank CD that pays daily interest at 6.50percent.

What will be the value of the investment at the end of the year?

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Apr 19, 2023 12:10 AM

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Dynoxo Textiles has a cash inflow of $2 million, which it needs for a long-term investment, at

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Corporate Finance

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