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Vishal Corporation Disburses Cheques Every Week That Average $105,000 and Take

Question 134

Multiple Choice

Vishal Corporation disburses cheques every week that average $105,000 and take four days to clear. How much interest can the company earn annually if it delays transfer of the funds from an interest bearing account that pays.025% daily for these four days?


A) $1,860
B) $2,760
C) $3,660
D) $4,560
E) $5,460

Correct Answer:

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