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bonufazy [111]
2 years ago
5

What is online bill payment

Business
2 answers:
Molodets [167]2 years ago
5 0

Answer:

Online bill payment is referred to as a secure electronic service that allows customers or users to pay bills without having to write checks and mail them. It is usually is tied to a checking account from which funds are withdrawn electronically for payment of one-time or recurring bills.

It is one of the safest ways to pay your bills as it helps guard against identity theft from lost or stolen checkbooks, bills, and statements.

GrogVix [38]2 years ago
4 0
Electronic billing<span> or electronic </span>bill<span> payment and presentment, is when a company, organization, or group sends its bills over the </span>internet.

Hope this helps. Mark brainlist?
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≅ 21.8%

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(C) the intended use of a product.

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ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days.
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The net present value of this lockbox arrangement is $1,205,378.06.

Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

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Learn more about maths in brainly.com/question/25903947

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