Compute the tbal and minimum balance to transfer, Finance Basics

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Compute the tbal and minimum balance to transfer

A financial manager is attempting to decide whether to use EDT or wire transfer but must first calculate the minimum balance to transfer. Using the data provided below, calculate the TBAL.

Numbers of days saved                                        1
Annual investment opportunity cost rate, k 10%
Bank's earnings credit rate, ecr                             8%
Required reserve rate, rr                                       12%
Wire transfer cost                                                   $20
EDT cost                                                               $0.25

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Finance Basics: Compute the tbal and minimum balance to transfer

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Finance Basics: Compute the tbal and minimum balance to transfer

Reference No:- TGS0550597

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Recent Questions Asked Finance Basics

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Finance Basics: Compute the tbal and minimum balance to transfer

Reference No:- TGS0550597

Recent Questions Asked Finance Basics

Q : Explain the problem with fall-related accidents

Q : Centralize the internet connection for the entire campus

Q : Explain how the database relates to the topic of interest

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Q : Compute the tbal and minimum balance to transfer

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Q : Compute the significance of code enforcement research

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Q : Find rate of return to stockholder in given year

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