Question: Jake purchased a $ 1 0 0 , 0 0 0 1 2 0 - day T - bill discounted to yield 1 . 3

Jake purchased a $100,000120-day T-bill discounted to yield 1.31%. When he sold it 45 days later, yields had dropped to 1.25%. How much did Jake earn? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
Jake earned
$

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