Solved: If the interest rate is 220 what is the optimal order, Finance Basics

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If the interest rate is 220 what is the optimal order

AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $5100 per day, and is open for business 365 days in the year. Each time the firm sells securities to obtain the cash, it costs them $190. If the interest rate is 2.20%, what is the optimal order amount according to the EOQ?

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Finance Basics: If the interest rate is 220 what is the optimal order

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Finance Basics: If the interest rate is 220 what is the optimal order

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