Required:

Assume the time from acceptance to maturity on a $$2,160,000$ banker's acceptance is $90$ days. Further assume that the importing

bank's acceptance commission is $1\mathrm{.}25$ percent and that the market rate for $90-$day B$/$As is $7$ percent. Determine the amount the

exporter will receive if he holds the B$/$A until maturity and also the amount the exporter will receive if he discounts the B$/$A with the

importer's bank.

Note: Do not round intermediate calculations.