Finance 350 Homework Chapters 19 and 20 Do all calculations using 9 decimal places, retain the 9 decimal places throughout the calculations, then when you report answers round to 2 decimal places. Examples: If the answer is in years: i.e., 9.5576 report 9.56 years. If the answer is in dollars, i.e., $56.987.555 report to the nearest cent $56,987.56. If the answer is in percentage terms i.e., 10.4478% report 10.45% If the answer is in times i.e., 4.783 report 4.78 times. You need to be very precise with rounding and reporting. For instance, if the answer is 9 times you must report 9.00, the homework grading program will count 9 as incorrect, it would count 9.0 as incorrect, everything must be carried or rounded to two decimal places. Another example if the answer is $48,000, you must report 48,000.00 3. Float and Weighted Average Delay Your neighbor goes to the post office once a month and picks up two checks, one for $10,934 and one for $800. The larger check takes 7 days to clear after it is deposited; the smaller one takes 4 days. Calculate the total float for the month, the average daily float, average daily receipts, and weighted average delay. a. Total Float: $ Points:2.5 b. Average Daily Float: $ Points: 2.5 C. Average Daily Receipts: $ Points: 2.5 d. Weighted Average Delay: days Points: 2.5