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Need help with these finance question Question Ts (of 40) 15. What are the expected annual savings from a lock-box system that collects 120 checks
Need help with these finance question 
Question Ts (of 40) 15. What are the expected annual savings from a lock-box system that collects 120 checks per day averaging $600 each, and reduces mailing and processing times by 3.0 and 2.0 days, respectively, if the annual interest rate is 6%? O $360,000 O $12,960 O $21,600 o $4,320 Step by Step Solution
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
