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2. In September, the Johnson Company utilizes direct sends for which its bank charges fees of $250. The bank's earned credit ratio and reserve requirement

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2. In September, the Johnson Company utilizes direct sends for which its bank charges fees of $250. The bank's earned credit ratio and reserve requirement are 4.50% and 10%, respectively. What is the minimum balance required to compensate the bank for the September fees? (5 points)

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