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Your neighbor goes to the post office once a month and picks up two checks, one for $10,934 and one for $800. The larger check
Your neighbor goes to the post office once a month and picks up two checks, one for $10,934 and one for $800. The larger check takes 7 days to clear after it is deposited; the smaller one takes 4 days. Calculate the total float for the month, the average daily float, average daily receipts, and weighted average delay
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