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4. Suppose a hospital writes checks of $100,000 per day and it takes, on average, 7 days for those to be received and clear the

4. Suppose a hospital writes checks of $100,000 per day and it takes, on average, 7 days for those to be received and clear the banking system. Furthermore, the hospital receives $120,000 in checks daily that take 4 days to be deposited and credited. What is the hospital's float?

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