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A Canadian exporter has received a deferred L / Cs for his export of crude canola oil with the following value - and maturity date:

A Canadian exporter has received a deferred L/Cs for his export of crude canola oil with the following value-and maturity date:
Value: USD 1,800,000
Maturity: Oct. 28,2024
A forfaiting institution has accepted to discount (purchase) the L/C on Apr. 152024
with the annual discount rate of 12%.
What is the amount the forfaiting will pay the exporter on Apr. 15,2024(with 2 decimal).
Note: the First and last day are included in the period of discounting.
1,345,440
1,584,000
1,346,735.34
1.681.800

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