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In order to justify the cost of using a wire transfer instead of an EDT (electronic depository transfer), your company must transfer a minimum of
In order to justify the cost of using a wire transfer instead of an EDT (electronic depository transfer), your company must transfer a minimum of $200,000. The EDT has a one business day availability. If the EDT availability were two business days, what is the minimum transfer amount that would justify a wire transfer?
$100,000 | ||
$200,000 | ||
$400,000 | ||
the amount cannot be calculated without more information |
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