A bank bill with a face value of $500,000 was issued today and it matures in 90 days' time.If interest rates are 7.5% p.a. what amount of cash does the issuer receive today?<\/p>
<\/p>
a. $490,921.32<\/p>
b. $9,078.68<\/p>
c. $500,000.00<\/p>
d. $465,116.28<\/p>
e.$509,246.58<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "1688092781", "uri": "\/textbooks\/study-guide-acts-of-faith-by-eboo-patel-1st-edition-978-1688092785-354498", "name": "Study Guide Acts Of Faith By Eboo Patel", "edition": "1st Edition" }, "question_posted": "2024-06-06 15:11:48", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-managers-of-bsw-inc-have-approached-kcmp-corp-about", "description": "The managers of BSW, Inc. have approached KCMP Corp. about a possible merger. KCMP Corp. is asking a price of $72 million to be purchased by BSW, Inc. 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