Problem 6 (50 points) At the beginning aeeount. For the next seven months the following cash requirements must be satisfied: of January you have $3000 in cash on Month Cash irement (Cash S5000 S6000 9000 S2000 S7000 S2000 S3000 nt required) Janua March April une Julv At the beginning of each month you have to determine the amount of money, if any, to withdraw from the bank to satisfy cash requirements. It incurs $10 to make a withdrawal of any amount. The opportunity cost of keeping S1 of cash on hand for a year s S0.20. Assume that opportunity costs
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