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The XY % Corporation has a special petty cash fund it uses for a known steady state flow of contributions to charity. The corporatio periodically
The XY Corporation has a special petty cash fund it uses for a known steady state flow of contributions to charity. The corporatio periodically replenishes this fund by withdrawing cash from it savings bank account which pays percent interest on deposits
The fund is never allowed to run out. A bank messenger is paid $ per delivery of cash from the bank. If the optimal withdrawal sched ule involves nine withdrawals per year, what is the dollar volume c annual contributionstocharity
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