(Answered) A bank expects to issue 270-day negotiable cds for 200

Economics

A bank expects to issue 270-day negotiable CDs for $200 million. The interest rate on those CDs is 2.35%. (show work)

a. How much interest will the bank owe the customer for the 270-days?

b. What is the total amount due the customer at the end of the 270-days?

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