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Escalante Gourmet receives an average of 8 2 checks a day with an average check amount of $ 1 6 , 3 2 9 .
Escalante Gourmet receives an average of checks a day with an average check amount of $ If a lockbox system is implemented the average collection time should decrease by an average of days. The daily interest rate on Treasury bills is percent. What is the amount of the expected daily savings of the lockbox system? $ $ $ $ $
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