Two days with its cash management system

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Reference no: EM131512360

Leeft Bank offers to reduce the collection time for your company's daily cash receipts by two days with its cash management system. This service will cost you $15,000 per year. Currently, short-term money market rates average 5 percent. If you anticipate annual sales of $46.355 million, would you accept the bank's offer?

Reference no: EM131512360

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