Suppose the Face Amount of a Promissory Note Is $1,000,000

Suppose the face amount of a promissory note is $1,000,000 and the importer's bank charges an acceptance commission of 1.5 percent.The note is for 60 days.Calculate the amount of the acceptance commission that the bank will charge.

A) $997,500
B) $15,000 = $1,000,000*(0.015)
C) $2,500
D) None of the above