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What is the interest on a money market instrument with 80 days to maturity quoted at a discount yield of 6.90 percent? Assume a $100,000

What is the interest on a money market instrument with 80 days to maturity quoted at a discount yield of 6.90 percent? Assume a $100,000 face value. (round your final answer to 1 decimal place: 20.456 -->20.5)

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