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You have decided to send a sum of money using wire transfer which transferred the money immediately and cost Tk.50. You could transfer the money
You have decided to send a sum of money using wire transfer which transferred the money immediately and cost Tk.50. You could transfer the money using depository transfer cheque which would cost you only Tk.8 and would take 4 days to reach its destination bank. The opportunity cost at the destination bank is 14 percent per year. The amount of money that you have transferred is what?
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