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XYZ Corporation sells goods to Europe with a total invoice value of 1 5 , 0 0 0 , 0 0 0 . The exchange

XYZ Corporation sells goods to Europe with a total invoice value of 15,000,000. The exchange rate between the euro (EUR) and the US dollar (USD) is 1 EUR =1.18 USD. XYZ Corporation offers a discount of 5% to the European buyer. What is the total amount in US dollars that XYZ Corporation will receive after applying the discount?

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