Billings village is considering shifting its payroll period, Finance Basics

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Billings village is considering shifting its payroll period

Billings Village is considering shifting its payroll period from twice a month to monthly. Total payroll for the year is $80 million. Billings can earn 6% on its invested money. How much would the village save from such a change? Should it shift its payroll period to monthly?

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Finance Basics: Billings village is considering shifting its payroll period

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