AFP
CTP · Question #467
(Topic 5) There are 31 calendar days in the month, and the opportunity cost of funds is 9%. What is the annual cost of float for the batches listed?
The correct answer is C. $79,838.71. See the full explanation below for the reasoning.
Question
- (Topic 5)
There are 31 calendar days in the month, and the opportunity cost of funds is 9%. What is the annual cost of float for the batches listed?
Options
- A$78,387.09
- B$78,532.25
- C$79,838.71
- D$82,499.99
How the community answered
(23 responses)- A4% (1)
- B4% (1)
- C83% (19)
- D9% (2)
Community Discussion
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