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FBT Q&A – How do I determine the all-day parking fee from an annual rate?

There is a commercial car parking station located within 1km of our employer provided car parking. The parking station charges an annual fee which the permits the user to park all year round. To determine the lowest all-day parking fee charged by that parking station, do we divide the annual fee by 228?

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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.