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A banks Report of Condition shows gross loans and leases of $1,425 million. The loan loss allowance for the year is accumulated to $42 million
A banks Report of Condition shows gross loans and leases of $1,425 million. The loan loss allowance for the year is accumulated to $42 million and the bank reports an unearned income amounting to $4 million. The net loans and leases accounted by the bank would be _____ million.
Answer: $_______ million
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