=+9 It costs 20 in administration expenses and fees every time Davy Ltd pays funds into the
Question:
=+9 It costs £20 in administration expenses and fees every time Davy Ltd pays funds into the bank to reduce its large overdraft on which it is charged 10 per cent annual per-
centage rate (APR). The company receives net cash from operations of £10,000 per day. How often should Davy pay into the bank?
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Corporate Financial Management And How To Write Essays And Assignments
ISBN: 978-1405882897
Coursepack Edition
Authors: Glen Arnold
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