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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

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?

a. $490,921.32

b. $509,246.58

c. $9,078.68

d. $500,000.00

e. $465,116.28

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