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What annual peso return will earn

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Problem 1: QRS makes large cash payments averaging P17,000 daily. The company changed from using checks to sight drafts which will permit it to hold unto its cash for one extra day. If QRS can use the extra cash to earn 14% annually, what annual peso return will it earn?

A. P652.10

B. P6,521.00

C. P6.52

D. P2,380

Reference no: EM132745874

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