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Please, calculate the amount received by a business company that has discounted a 49,800 bill of exchange that is due in 123 days at an
Please, calculate the amount received by a business company that has discounted a 49,800 bill of exchange that is due in 123 days at an annual discount rate of 9.5% ifit has paid a 1.15% management fee and mailcharges for 36. What is the TAE for this transaction?
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