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On an average day, your firm receives $32,600 in cheques from customers. These cheques are processed and clear the bank in an average of 2.5

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On an average day, your firm receives $32,600 in cheques from customers. These cheques are processed and clear the bank in an average of 2.5 days. The applicable daily interest rate is.02 %. What is the maximum amount your firm should pay to completely eliminate the collection float? Assume each month has 30 days. Multiple Choice $36,630 $97,800 $33,652 $81,500 $40,750 C

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