Solved

What Is the Amount of the Principal Plus Interest Due

Question 451

Multiple Choice

What is the amount of the principal plus interest due at maturity on a 1-month (32-day) deposit of USD 50,000,000.00 placed at 0.37%?

A) EUR 50,015,416.67
B) EUR 50,016,219.18
C) EUR 50,016,444.44
D) EUR 50,016,958.33

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