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he time from acceptance to maturity on a $1,000,000 bankers acceptance is 90 days. The importers banks acceptance commission is 2.25% and the market rate

he time from acceptance to maturity on a $1,000,000 bankers acceptance is 90 days. The importers banks acceptance commission is 2.25% and the market rate for 90day B/As is 6.00%. What amount will the exporter receive if he discounts the B/A with the importers bank? (3 Marks) Answer to 2 decimal places with no , or $ or other symbols.

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