How much money should be put in atm every time its restocked

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Reference no: EM133357193

Assignment:

Suppose an ATM of a community bank dispenses $100,000 per week. Restocking the ATM costs $500. The bank has amazing opportunities for investment, so the cost of holding $1 for a year in an ATM is $1. Assume the ATM only gets restocked when it's empty, the lead time to replenish it is negligible, and that a year has 50 weeks.

How much money should be put in the ATM every time it's restocked?

Reference no: EM133357193

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