Suppose that your weekly cash expenses are $80. Every time you withdraw money from the automated teller
Question:
a. How often should you withdraw funds from the bank?
b. What is the optimal-sized withdrawal?
c. What is your average amount of cash on hand?
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Step by Step Answer:
Annual cashdisbursements 80 52 4160 Cost per tr...View the full answer
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Hassan Imtiaz
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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