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On July 1, 2XX1, the First National Bank purchased $200,000 worth of commercial paper due on October 1, 2XX1. According to the WSJ , commercial

On July 1, 2XX1, the First National Bank purchased $200,000 worth of commercial paper due on October 1, 2XX1. According to the WSJ, commercial paper sold at the following rates:

30 days 4.03% 60 days 4.08% 90 days 4.12%

How much did First National pay for its investment?

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