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Based on the following assumptions, which of the following is closest to the minimum transfer amount that will justify using a wire instead of an
Based on the following assumptions, which of the following is closest to the minimum transfer amount that will justify using a wire instead of an ACH transfer? Cost of a wire = $10 Cost of an ACH transfer = $0.25 Annual opportunity cost rate = 5% ECR = 1% RRR = 10% Days delay in availability with ACH = 1
Select one:
a.
$78,589.24
b.
$83,548.23
c.
$87,053.57
d.
$89,285.71
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