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Topic
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Becker Question –
Why is the 4% market rate used instead of 4%/12
Daily cash receipts 150,000
Lockbox saves 4 days
Total 600,000
x Market Rate 4%
Total 24,000
Monthly Lockbox fee @ 2,500
2,500 x 12 30,000
Seems like the 4% s/b divided by 12 mos
What am I missing?
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