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A payment of $3,000 is made to a company. The payor mails the payment on Monday, the check arrives on Wednesday, the funds take until

  1. A payment of $3,000 is made to a company. The payor mails the payment on Monday, the check arrives on Wednesday, the funds take until Thursday to process and it is Friday before the funds are credited. What are the dollar-days of float for this item?

  1. 5
  2. 500
  3. 12,000
  4. 15,000

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