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What are the expected annual savings from a lock-box system that collects 125 checks per day averaging $500 each, and reduces mailing and processing times

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What are the expected annual savings from a lock-box system that collects 125 checks per day averaging $500 each, and reduces mailing and processing times by 2.5 and 1.5 days, respectively, if the annual interest rate is 6%? Multiple Choice $15,000 $250,000 $3,750 $9,375

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