Value of Delay Vedant plc disburses cheques every 2 weeks that average 370,000 and take 7 days

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Value of Delay Vedant plc disburses cheques every 2 weeks that average £370,000 and take 7 days to clear.

How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays 0.03 per cent per day for these 7 days? Ignore the effects of compounding interest.

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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Question Posted: Jul 08, 2024 09:01 AM

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Value of Delay Vedant plc disburses cheques every 2 weeks that average 370,000 and take 7 days

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Fundamentals Of Corporate Finance

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