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Your neighbor goes to the post office once a month and picks up two checks, one for $14,800 and one for $5,800. The larger check
Your neighbor goes to the post office once a month and picks up two checks, one for $14,800 and one for $5,800. The larger check takes five days to clear after it is deposited; the smaller one takes four days. Assume 30 days in a month. What is the average daily float? Average daily float $ What are the average daily receipts? Average daily receipts $ What is the weighted average delay?
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