The bank charges a lockbox fee of 170 per day what is the, Financial Management

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The bank charges a lockbox fee of 170 per day what is the

Your firm has an average receipt size of $125. A bank has approached you concerning a lockbox service that will decrease your total collection time by two days. You typically receive 5,800 checks per day. The daily interest rate is .017 percent. The bank charges a lockbox fee of $170 per day. What is the NPV of accepting the lockbox agreement?

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Financial Management: The bank charges a lockbox fee of 170 per day what is the

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Financial Management: The bank charges a lockbox fee of 170 per day what is the

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