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Use the following information to calculate the annual opportunity cost of float: Number of checks processed per year = 360 Average face value per check

Use the following information to calculate the annual opportunity cost of float: Number of checks processed per year = 360 Average face value per check = $3,000 Average collection float = 3 days Annual opportunity cost rate = 5%

$10,239.45

$443.84

$8,876.71

$2,958.90

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$10,239.45

$443.84

$8,876.71

$2,958.90

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