Can u solve first problem?

n auay t delays transfer of funds from an interest-bearing account that 15 percent per day for these seven days? Ignore the effects of compounding interes and Reducing Float No More Books Corporation has an agreement with Floyd Bank, whereby the bank handles S3,2 million ti collections a day and requires a 5350,000 agreement and dividing its eastern region so business. Banks A and B will each handle $1.6 million of collections a day, and each requires a compensating balance of $190,000 No More Books' financial management expects that collections will be acceterated by one day if the eastern compensating balance. No More Books is contemplating canceling the vo other banks wil handle its region is divided. Should the company proceed with the new system? What will be the annual net savings? Assume that the T-bill rate is 5 percent annually Lockboxes and Collection Time Bird's Eye Treehouses, Inc., a Kentucky company has determined that a majority of its customers are located in the Pennsylvania area. It therefore is considering using a lockbox system offered by a bank located in Pittsburgh. The bank has estimated that use of the system will reduce collection time by two days Based on the following information, should the lockbox system be adopted? Average number of payments per da Average value of payment Variable lockbox fee (per transaction) 850 $630 $.22 7% Annual interest rate on money market securities %