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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 4 percent interest on deposits)
The fund is never allowed to run out. A bank messenger is paid $5.0 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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