Answer: $973,711

Use the discount price formula per $100 face value: \[ Y = 100 - P\cdot\frac{n}{360} \] Substitute: \[ Y = 100 - 5.20\cdot\frac{182}{360} = 97.3711 \] For $1,000,000 face value: \[ 97.3711\times\frac{1,000,000}{100} = 973,711.11 \] So the correct answer is **$973,711**.

Author: Manit Arora