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how much cash does she take out each time?

01 / 10 / 2021 Research Papers

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Money and Banking help please! 1 answer below » Using a spreadsheet program or a calculator, solve Tracy%u2019s problem of how often to go to the ATM when the nominal interest rate on her
bank account is 10 percent, she spends $30 dollars a day, it costs her $.50 each time she uses the ATM, and she thinks that there is a 15% chance that she will
lose her cash or have it stolen. Under these conditions how often should Tracy go to the ATM and how much cash does she take out each time? Jan 17 2014 11:22 PM



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