JKL Tools receives an average of $3,300 a day in cheques. The delay in processing averages 4 days. The current interest rate is.02% per day. What is the highest daily fee JKL should pay to eliminate the float entirely?
A) $.66
B) $1.32
C) $1.56
D) $2.33
E) $2.64
Correct Answer:
Verified
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