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A bank starts with ALL of $2.965 million at the beginning of the year, charges off worthless loans of $0.436 million during the year, recovers
A bank starts with ALL of $2.965 million at the beginning of the year, charges off worthless loans of $0.436 million during the year, recovers $0.068 million on loans previously charged off, and charges current income for a $0.336 million provision for loan losses during the year. What ALL will the bank have at the end of the year, to the nearest $ 0.001 million?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
