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Determine what are the annual expected savings

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Reference no: EM132600605

Question 1: If a lock box system that is able to collect 200 cheques per day that average $700 each can reduce processing time by 3 days, what are the annual expected savings if the annual interest rate is 4%?

Option 1: $5,600

Option 2: $420,000

Option 3: $16,800

Option 4: $168,000

Reference no: EM132600605

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