A company wants to raise funds by issuing a 180-day $1,000,000 bank bill on 1 January 2017 at a yield rate of 6.45% p.a. (simple interest rate). The company incurs fees and charges amounting to $12,000. c. An investor John has purchased this bank bill on 1 January 2017 at the yield rate of 6.45% p.a.and sold it on 12 March 2017 at the yield rate of 6.2% p.a. What is his sale price (rounded to two decimal places)? Select one: a. 980932.29 b. 981657.79 c. 970331.77 d. 988249.31

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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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A: As per the given information:

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