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Question 42 2 pts The Pioneer company is trying to decide whether to concentrate funds from JP Morgan to Bank of America by ACH or
Question 42 2 pts The Pioneer company is trying to decide whether to concentrate funds from JP Morgan to Bank of America by ACH or by fed wire. The cost of the wire is $6 and the cost of the ACH is $0.05. Cash concentration improves investment returns by 2% annually on a Bond Equivalent Yield. ACH transactions settle 1 day after initiation. What is the minimum amount of cash at JP Morgan, Pioneer should have to use a wire instead of an ACH? O $109,500.00 $108,587.50 $297.50 O $300.00 Question 43 2 pts Wire transfers templates where you can only change date, dollar amounts and supporting information are known as: Non Repetitive wires Semi Repetitive Wires Repetitive Wires Drawdown wires
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