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A bank bill with a face value of $250,000 was issued today and it matures...

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Accounting

A bank bill with a face value of $250,000 was issued today and it matures in 60 days' time. If interest rates are 5.5% p.a. what amount of cash does the issuer receive today? a. $252,260.27 b. $250,000.00 c. $247,759.98 d. $236,966.82 e. $2,240.02

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