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In a typical month, the Montrose Corporation receives 70 checks totaling $143,000. These are delayed five days on average. What is the average daily float?

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In a typical month, the Montrose Corporation receives 70 checks totaling $143,000. These are delayed five days on average. What is the average daily float? Assume 30 days per month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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