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Tsa Motors agrees to sell specialized automotive parts to Hidatsi of Korea Because the two companies have never done business with each other, Tsa Motors

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Tsa Motors agrees to sell specialized automotive parts to Hidatsi of Korea Because the two companies have never done business with each other, Tsa Motors requires a banker's acceptance as payment for the $2,700,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Tsa Motors chooses to discount or sell the banker's acceptance to its bank, the discount rate is 1.00% per annum. What is the size of the commission Tsa Motors will pay the bank for the banker's acceptance? $37,800 $5.000 $18.900 $7,000

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