Westminster Insurance Company. Westminster Insurance Company plans to sell

$2 comma 400 comma 0002,400,000

of eurocommercial paper with a

9090-day

maturity and discounted to yield

4.904.90%

per annum. What will be the immediate proceeds to Westminster Insurance? Assume a 360-day year. I thought I did my math correctly but it says its wrong.

Homework: Chapter 14 Homework Week 11 Save Score: 0 of 1 pt 6 of 10 (3 complete) HW Score: 30%, 3 of 10 pts Problem 14-6 (algorithmic) Question Help O Westminster Insurance Company. Westminster Insurance Company plans to sell $2,400,000 of eurocommercial paper with a 90-day maturity and discounted to yield 4.90% per annum. What will be the immediate proceeds to Westminster Insurance? Assume a 360-day year. The immediate proceeds to Westminster Insurance will be $ 2370781.32. (Round to the nearest cent.)