Question: PT . ABC has an average receipt size of $ 5 0 0 and receives 1 0 0 0 0 checks per day. A bank

PT. ABC has an average receipt size of $500 and receives 10000 checks per day. A bank has approached PT. ABC to use lockbox services that will decrease the total collection time by 3 days. If the bank charges a fee for $580 per day. Let say the interest rate is 0,04% per day. Should PT. ABC accept the lockbox services?

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