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What is the highest daily fee the firm should pay

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Reference no: EM133004814

Actuarial Adventures receives an average of 25 payments every day. The average payment amount is $180.

The delay in processing and clearing averages 4 days, and the daily applicable interest rate is .0175%.

What is the highest daily fee the firm should pay to completely eliminate its float?

Reference no: EM133004814

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