Question: Suppose that your weekly cash expenses are $80. Every time you withdraw money from the automated teller at your bank, you are charged $.15. Your

Suppose that your weekly cash expenses are $80. Every time you withdraw money from the automated teller at your bank, you are charged $.15. Your bank account pays interest of 3% annually.
a. How often should you withdraw funds from the bank?
b. What is the optimal-sized withdrawal?
c. What is your average amount of cash on hand?

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