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west ridge wholesalers receive an average of 120 cheques a day. the average amount per cheque is $6400. the firm is considering a new processing

west ridge wholesalers receive an average of 120 cheques a day. the average amount per cheque is $6400. the firm is considering a new processing system which it anticipates will reduce the average collection time by 2 days. the daily interest rate on treasury bills is .01 percent. what is the expected daily savings of the new system?

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