Assume the time from acceptance to maturity on a $10,000,000 banker's acceptance is 90 days. Further assume that the importing bank's acceptance commission is 1 percent and that the market rate for 90-day B/As is 3.0 percent. Calculate the amount the banker will receive if the exporter discounts the B/A with the importer's bank.

$200,000

$100,000

$25,000

$75,000

Which is the correct from above 4 options