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1. What will be your annual cost, if you have an average cash balance is $1,000 ,and you will withdraw $500 every 7th day, nominal
1. What will be your annual cost, if you have an average cash balance is $1,000 ,and you will withdraw $500 every 7th day, nominal interest rate is 3%, opportunity cost is 15%, and probability of loss is 5%. |
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