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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 3% p.a.

A bank bill with a face value of $100,000 was issued today and it matures in 60 days' time. If interest rates are 3% p.a. what amount of interest is earned if the bill is held until maturity? Group of answer choices

$484.72 $494.35 $493.15 $491.92 $490.73

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