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Levart [38]
3 years ago
8

Banks and other lending institutions​ ________.

Business
1 answer:
Cloud [144]3 years ago
8 0
THE BEST ANSWER IS D
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The treasurer of a major U.S. firm has $40 million to invest for three months. The interest rate in the United States is .28 per
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Check the explanation as follows.

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a) If it is invested in US

Current= $40 million

Interest rate= 0.28% p.m

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Interest for 3 months= $0.112*3= $0.336 million

Total value after 3 months= $40 million+$0.336 million = $40336000.

b) If it is invested in Great Britain.

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