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Your firm spends $4,500 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.47% per month, what is

Your firm spends

$4,500

every month on printing and mailing costs, sending statements to customers. If the interest rate is

0.47%

per month, what is the present value of eliminating this cost by sending the statements electronically?

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Part 1

This cost has a present value of

$enter your response here

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