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The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The investment opportunity rate is 4%.
The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The investment opportunity rate is 4%. The bank's Earnings credit rate is 0.5% on account balances. The RRR is 10%. What is the minimum transfer balance that justifies a wire transfer?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
