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Your neighbor goes to the post office once a month and picks up two checks, one for $14,000 and one for $3,000. The larger
Your neighbor goes to the post office once a month and picks up two checks, one for $14,000 and one for $3,000. The larger check takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. 1. What is the total float for the month? Total float 2. What is the average daily float? Average daily float
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