Suppose You Have Weekly Cash Expenses of $150

question 48

Essay

Suppose you have weekly cash expenses of $150.The bank charges $0.25 every time cash is withdrawn.The bank pays 1.5% interest per year.Given this information, what is the optimal withdrawal size? What is the average amount of cash on hand? How often should you withdraw funds?

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Definitions:

Pirate Bay

A notorious online platform for downloading and sharing pirated content, including movies, music, software, and books.

Missionary Church of Kopimism

A religious movement that believes in the sacredness of copying and sharing information freely.

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A licensing system that enables creators to specify legal permissions for others to use their work.

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Individuals or groups engaging in the use of computer technology to conduct acts of terror and violence.