Question: Global Industrial intends to execute a marketing program half a year from now that requires a $ 5 0 0 , 0 0 0

Global Industrial intends to execute a marketing program half a year from now that requires a $500,000  investment. In preparation, the company plans to invest some of its available funds into a 90 -day $300,000  face value commercial paper yielding 6% . How much money does Global Industrial need to purchase the commercial paper? 

 

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