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Through increased collection efforts and various disbursement techniques, the Sleeping Beauty Castle is able to effectively hold on to its cash for four days longer
Through increased collection efforts and various disbursement techniques, the Sleeping Beauty Castle is able to effectively hold on to its cash for four days longer than in the past. The impact is that its average cash balance has increased from $5,000 to $10,000. What is the additional value of this increased cash balance, assuming it is invested at 5% interest?
$100
$250
$1,000
$2,000
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