EXPLANATION

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 How much is the total of interest charges if the company decides to discount all the L/CS with recourse? I A $148,107 B. $248,625 C. $147,375 D. $393,000217 E. $148,839 How much is the total amount payable to the exporter after discounting without recourse?" A $2,751,375 B $2,754,375 C. $2,851,161 D$2,851,893 E. $2,607,000 How much is the total of interest charges if the company decides to discount all the Ucs. without recourse? A $393,000 B. $249,037 C$248,065 D $246,845 E $245,625 How much is the total amount payable to the exporter after discounting with recourse? A $2,852,625 B. $2,750,963 C. $2,607,000 D. $2,751,935 E $2,753,155 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 How much is the total of interest charges if the company decides to discount all the L/CS with recourse? I A $148,107 B. $248,625 C. $147,375 D. $393,000217 E. $148,839 How much is the total amount payable to the exporter after discounting without recourse?" A $2,751,375 B $2,754,375 C. $2,851,161 D$2,851,893 E. $2,607,000 How much is the total of interest charges if the company decides to discount all the Ucs. without recourse? A $393,000 B. $249,037 C$248,065 D $246,845 E $245,625 How much is the total amount payable to the exporter after discounting with recourse? A $2,852,625 B. $2,750,963 C. $2,607,000 D. $2,751,935 E $2,753,155