Your neighbor goes to the post office once a month and

Reference no: EM13620118

Your neighbor goes to the post office once a month and picks up two checks, one for $13,400 and one for $4,400. The larger check takes three days to clear after it is deposited; the smaller one takes two days. Assume 30 days in a month.What is the total float for the month?What is the average daily float?

Reference no: EM13620118

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