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A bank bill with a face value of $150,000 was issued today and it matures...

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Accounting

A bank bill with a face value of $150,000 was issued today and it matures in 40 days' time. If interest rates are 5.5% p.a. what amount of interest is earned if the bill is held until maturity? Group of answer choices $149,101.31 $2,007.03 $8,250.00 $103,125.00 $898.69

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