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A 240 day Bank Accepted Bill with a maturity payment of $50,000 is sold after 38 days to ZNZ Bank, which uses a 6.22% per

A 240 day Bank Accepted Bill with a maturity payment of $50,000 is sold after 38 days to ZNZ Bank, which uses a 6.22% per annum simple interest rate. Calculate the price that ZNZ Bank paid for the Bank Accepted Bill. Give your answer in dollars and cents to the nearest cent. P = $

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