The bank has a remote disbursement center in Iowa. a.If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up? Justify your answers. b.If the company can earn 8 percent per annum on freed-up funds, how much will the income be? Justify your answers. c.If the annual cost of the new system is $800,000, should it be implemented? Explain why or why not. ********************************************************
FIN 401 Module 3 Assignment 2 LASA 1 The Time Value of Money
For more classes visit www.snaptutorial.com Mary has been working for a university for almost 25 years and is now approaching retirement. She wants to address several financial issues before her retirement and has asked you to help her resolve the situations below. Her assignment to you is to provide a 4-5 page report, addressing each of the following issues separately. You are to show all your calculations and provide a detailed explanation for each issue. Issue A: