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Tanugraha Dealers receives $4,732 in checks from customers each day, on average. These checks clear the bank in an average of 2.5 days. The applicable
Tanugraha Dealers receives $4,732 in checks from customers each day, on average. These checks clear the bank in an average of 2.5 days. The applicable daily interest rate is .006 percent. What is the resent value of eliminating the float? Assume each month has 30 days. Multiple Choice 0 0 0 0 $21,607 $2,161 $11,830 $10,363 $4,732
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