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A bank bill with a face value of $100,000 was issued today and it matures in 60 days' time. If interest rates are 6% p.a.

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A bank bill with a face value of $100,000 was issued today and it matures in 60 days' time. If interest rates are 6% p.a. what amount of interest is earned if the bill is held until maturity? a. $99,023.33 b. $1,457.88 C. $976.67 d. $6,000.00 e. $78,260.87

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