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tains a cash buffer for unexpected cash outlays for the year amounting to 3,000. Bank of WildPUS charges NEKO P15 for every transaction with the bank. The bank grants 5% annual interest. NEKO is contemplation if it will still need to have the cash buffer. How much is the annual savings in annual holding cost of cash for NEKO if it will not have a cash

tains a cash buffer for unexpected cash outlays for the year amounting to 3,000. Bank of WildPUS charges NEKO P15 for every transaction with the bank. The bank grants 5% annual interest. NEKO is contemplation if it will still need to have the cash buffer. How much is the annual savings in annual holding cost of cash for NEKO if it will not have a cash

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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NEKO Inc. maintains a cash buffer for unexpected cash outlays for the year amounting to 3,000. Bank of WildPUS charges NEKO P15 for every transaction with the bank. The bank grants 5% annual interest. NEKO is contemplation if it will still need to have the cash buffer. How much is the annual savings in annual holding cost of cash for NEKO if it will not have a cash buffer? 

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