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A firm maintains a separate account for cash disbursements. Total disbursements are $88,000 per month, spread evenly over the month. Administrative and transaction costs of

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A firm maintains a separate account for cash disbursements. Total disbursements are $88,000 per month, spread evenly over the month. Administrative and transaction costs of transferring cash to the disbursement account are $12 per transfer. Marketable securities yield 1% per month. Determine the size and number of transfers that will minimize the cost of maintaining the special account.(Round your answer for the size of transfers to the nearest whole dollar and round your answer for number of transfers to 2 decimal places.) Optimal size of transfers Average number of transfers per month Suppose that your weekly cash expenses are $90. Every time you withdraw money from the automated teller at your bank, you are charged $0.1. Your bank account pays interest of 2% annually. a. How often should you withdraw funds from the bank? (Round your answer to 2 decimal places.) You should go to the bank about once every | week(s). b. What is the optimal-sized withdrawal? (Round your answer to the nearest whole dollar.) Optimal-sized withdrawal C. What is your average amount of cash on hand? (Round your answer to the nearest whole dollar.) Average amount of cash on hand

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