The fast reader company supplies bulletin board services to


The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the benefit of employing a billing firm to do her billing and collections. Because the billing firm specializes in these? services, collection float will be reduced by 15 days. Average daily collections are $ 1,100, and the owner can earn 9 % totally? (expressed as an APR with monthly? compounding) on her investments. If the billing firm charges $ 275 per? month, should the owner employ the billing? firm? The benefits are ?$. (Round to the nearest? dollar.)

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Financial Management: The fast reader company supplies bulletin board services to
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