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On an average day, Goose Down Feathers receives $1,000 in checks from customers. These checks clear the bank in an average of 4 days. The

On an average day, Goose Down Feathers receives $1,000 in checks from customers. These checks clear the bank in an average of 4 days. The applicable daily interest rate is 0 percent. What is the present value of the float? Assume each month has 30 days.

$2,448.00

$244.00

$192.00

$100.00

$4,000.00

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