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Actuarial Adventures receives an average of 25 payments every day. The average payment amount is $180. The delay in processing and clearing averages 4 days,
| Actuarial Adventures receives an average of 25 payments every day. The average payment amount is $180. The delay in processing and clearing averages 4 days, and the daily applicable interest rate is .0175%. What is the highest daily fee the firm should pay to completely eliminate its float? |
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
