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CTP · Question #301
CTP Question #301: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) A cash manager is determining the threshold over which cash concentrations will be done by wire. An ACH transaction costs $0.50. A wire costs $12.00. Funds are available 2 days quicker by wire and the opportunity cost of funds is 5%. What threshold should the cash manager use?
Options
- A$41,975
- B$43,800
- C$83,942
- D$87,600
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