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If the 90-Day B/A Rates Are 5%,determine the Amount the Exporter

Question 4

Multiple Choice

If the 90-day B/A rates are 5%,determine the amount the exporter will receive if he holds the B/A until maturity.(Round your final value to nearest whole dollar.Assume 360 days in a year.)


A) $2,800,000.
B) $2,807,018.
C) $2,842,640.
D) $3,000,000.

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