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ASSUMPTIONS Average Ledger Balance $300,000 Deposit Float $40,000 Reserve Requirement 10% Earnings Credit Rate 1% Service Charges for the Month $750 Days in Month 30

ASSUMPTIONS Average Ledger Balance $300,000 Deposit Float \$40,000 Reserve Requirement 10% Earnings Credit Rate 1\% Service Charges for the Month $750 Days in Month 30 Use the data above to calculate the Earnings Credit

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