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nekit [7.7K]
3 years ago
13

The nominal interest rate in an economy is 5 percent, and there is also a 15 percent probability of having cash lost or stolen i

n the economy. Given this information, what is the cost of going to the ATM for an individual who spends $10 daily and has a total of holding cash = (365/T) + T. Assume that the individual visits the ATM once in every T days.
A. $3
B. $2
C. $4
D. $1
Business
1 answer:
lubasha [3.4K]3 years ago
6 0
The answer to this is d
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