Question
Your firm spends $ 5,100 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.52 % per month,
Your firm spends $ 5,100 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.52 % per month, what is the present value of eliminating this cost by sending the statements electronically?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
