On an Average Day,Goose Down Feathers Receives $2,400 in Checks

question 27

Multiple Choice

On an average day,Goose Down Feathers receives $2,400 in checks from customers.These checks clear the bank in an average of 2.2 days.The applicable daily interest rate is 0.04 percent.What is the present value of the float? Assume each month has 30 days.

• A)$115.20
• B)$618.40
• C)$4,080.00
• D)$5,280.00
• E)$6,256.50

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Definitions:

Temperaments

Inherent parts of an individual's personality, including aspects like moodiness, energy level, and emotional reactivity.

Central Traits

Key characteristics of a personality that influence behavior and are consistent across different situations.

Changeable Aspects

Features or elements of a situation or entity that can be altered or modified.

Temperaments

Inherent personality traits and tendencies that influence how individuals react to their environment.