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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

PT $.$ 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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