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An average collected balance may be used to compensate a bank for a service used. Assume a company uses services with charges that total $

An average collected balance may be used to compensate a bank for a service used. Assume a company uses services with charges that total $2,000, that the bank's earning credit rate is 5%, and that the reserve requirement is 10%. Assuming a 30-day month, what is the average collected balance required to compensate the bank for the services used?
540,741
901,235
44,444
486,667
Insufficient information to compute.

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