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Chris' Fish'n'Chips will issue 90 day Bank Accepted Bills (BABs) with a face value of $150,000. The acceptance fee charged by the bank is 3%.

Chris' Fish'n'Chips will issue 90 day Bank Accepted Bills (BABs) with a face value of $150,000. The acceptance fee charged by the bank is 3%. If the market rate for 90 day BABs is 9.5% how much will Chris' Fish'n'Chips receive from the issue? Round to 2 decimal places (ignoring cashflow direction). The answer is 145,514.95. Please show me your detailed calculation.

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