Dynoxo Textiles has a cash inflow of $1 million, which it needs for a long-term investment, at the end of one year. It plans to deposit the money in a bank CD that pays daily interest at 4.50 percent. What will be the value of the investment at the end of the year? (Round to the nearest dollar.)

$1,046,025

Explanation:

since the CD pays compound daily interest, we can calculate the future value of the CD using the following formula:

Future value = present value ( 1 + rate)ⁿ

FV = $1,000,000 (1.00012328767)³⁶⁵ = $1,046,024.96 ≈ $1,046,025

the answer to this question would be shared investment

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it