If the 90-day B/A rates are 5%,determine the amount the exporter will receive if he holds the B/A until maturity.(Round your final value to nearest whole dollar.Assume 360 days in a year.)

Name: If the 90-day B/A rates are 5%,determine the amount the exporter will receive if he holds the B/A until maturity.(Round your final value to nearest whole dollar.Assume 360 days in a year.)
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If the exporter holds the B/A to maturity he will receive: $2,800,000/ [1 - ((0.01 + 0.05) × 90/360)] = $2,842,640

If the 90-Day B/A Rates Are 5%,determine the Amount the Exporter