What are the expected annual savings from a lock-box system that collects 150 cheques per...
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What are the expected annual savings from a lock-box system that collects 150 cheques per day averaging $500 each, and reduces mailing and processing times by 2.5 and 1.5 days respectively, if the annual interest rate is 7 percent?
$5,250
$13,125
$21,000
$300,000
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