Essay
CloudTrust Limited has a monthly payroll of $6 million. They choose to make a short-term investment in an account with a 0.9% rate. At the end of the month, what is the maturity value of the deposit?
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P = 60000000; r= 0.9% = 0.009;...View Answer
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Correct Answer:
Verified
P = 60000000; r= 0.9% = 0.009;...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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