A Canadian exporter has received three Usance L/Cs for exported crude canola oil with the following values and maturity dates:

USD1,000,000 - September 30th, 2020 USD1,500,000 - October 31st, 2020 USD500,000 - November 29th, 2020 On April 11th, 2020, BMO has accepted to discount of all of the above L/Cs with the annual discount rate of:

9% with recourse 15% without recourse Exclude the First and the Last day.

1)How much is the total amount payable to the exporter after discounting with recourse? *

$2,751,935

$2,750,963

$2,607,000

$2,852,625

$2,753,155

2)How much is the total of interest charges if the company decides to discount all thoe L/Cs with recourse? *

$393,000

$148,107

$248,625

$147,375

$148,839

3)How much is the total amount payable to the exporter after discounting without recourse? *

$2,851,893

$2,607,000

$2,851,161

$2,754,375

$2,751,375

4)How much is the total of interest charges if the company decides to discount all the L/Cs without recourse? *

$245,625

$249,037

$248,065

$393,000

$246,845