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Assume that Everymans Bookstore uses up cash at a steady rate of $400,000 per year. The interest rate is 5% and each sale of securities

Assume that Everymans Bookstore uses up cash at a steady rate of $400,000 per year. The interest rate is 5% and each sale of securities costs $45.

How many times a year should the store sell securities?

What is its average cash balance?

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