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PT . ABC has an average receipt size of $ 5 0 0 and receives 1 0 0 0 0 checks per day. A bank

.

ABC has an average receipt size of $

500

and receives

10000

checks per day. A bank has approached PT

.

ABC to use lockbox services that will decrease the total collection time by

3

days. If the bank charges a fee for $

580

per day. Let say the interest rate is

0, 04 %

per day. Should PT

.

ABC accept the lockbox services?

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