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Question 7 (2 points) If a lock box system that is able to collect 300 cheques per day that average $600 each can reduce processing

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Question 7 (2 points) If a lock box system that is able to collect 300 cheques per day that average $600 each can reduce processing time by 2 days, what are the annual expected savings if the annual interest rate is 3%? $5,400 $371,134 $180,000 $10,800

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