Take care to apply money market rules

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Reference no: EM131818345

1. What are the proceeds of $1,000,000 deposited in a bank today (Sept 9) for 1 month at 1.5%? Take care to apply “money market” rules and use the proper “day count.”

2. What is the present value of $1MM to be paid March 9 2018 at a (discount) rate of 2%. (Same instructions as in 15.)

Reference no: EM131818345

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