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a) What will be the maturity value of $31,000 placed in a 130-day term deposit paying an interest rate of 6.00%?

Regarding part a) If, on the maturity date, the combined principal and interest are “rolled over” into a 100-day term deposit paying 3.90%, what amount will the depositor receive when the second term deposit matures?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92778438

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