24-92 What is the nominal payment paid or received by the U.S.bank over the three year period?
A)The U.S.bank received $2 million over the three year period.
B)The U.S.bank received $1 million over the three year period.
C)The U.S.bank paid $0 over the 3 year period.
D)The U.S.bank paid $1 million over the three period.
E)The U.S.bank paid $2 million over the three period.

Question

Quizplus · Accepted Answer

The U.S. bank received $1 million in year 1 and $1 million in year 3, for a total of $2 million over the three-year period.

24-92 What Is the Nominal Payment Paid or Received by the U.S.bank