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Jay purchased a 180-day $500,000 bank bill (at a simple interest rate) on 16 July 2023. The purchase price was $490,550. He sold this bank bill on 12 August 2023. What was his selling price, if he sold this bank bill at a yield of 3.43% p.a. (simple interest)? Round your answer to three decimal places. a. 492,958.660 b. 492,912.992 c. 492,867.332 d. 491,683.146
Sagot :
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