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Discuss case of the national bank of taraville quotes

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Reference no: EM131721697

Question: The National Bank of Taraville quotes an APY of 5 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of $2,500 for die first 90 days of the year, $3,000 over the next 180 days, and $5,000 for the remainder of the year. How much in total interest earnings did this small business customer receive for the year?

Reference no: EM131721697

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