National bank operates network of automated teller machines

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Reference no: EM131479465

National Bank operates a network of automated teller machines (ATMs). Cash withdrawals at an ATM average $100. The fixed cost to fill an ATM is $100. The average number of withdrawals from an ATM are 2,000 per year. If the annual cost of money for the bank is 5%, how much money should be put into the ATM each time it is refilled?

Reference no: EM131479465

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