What annual savings can bobs expect if this system is


Bob's expects to have $18878773 in credit sales during the coming year. Currently, all checks are sent to the home office. A proposed lockbox system can eliminate 2 day(s) of float, releasing funds which, when invested, will earn 5.68 percent per year. What annual savings can Bob's expect if this system is implemented? Use a 365-day year.

Round the answer to two decimal places.

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Business Economics: What annual savings can bobs expect if this system is
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