On an average day a company writes checks totaling 1500, Finance Basics

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On an average day a company writes checks totaling 1500

On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%. If the average daily float is $3,300, what is the net present value per day?

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Finance Basics: On an average day a company writes checks totaling 1500

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