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A firm wants to maintain a $20,000 cash balance. In their worst month of the year, the net change in cash shows that they will be short $42,750, which will be offset by a beginning cash balance of $12,650. What amount should the firm finance that month?

$62,750
$32,650
$50,100
$42,750

1 Answer

3 votes
I don’t know how I got $62,750
User Tobias Kienzler
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