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ASSUMPTIONS Average Ledger Balance Deposit Float Reserve Requirement Earnings Credit Rate Service Charges for the Month Days in Month $250,000 $ 30,000 5% 1% $1,000

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ASSUMPTIONS Average Ledger Balance Deposit Float Reserve Requirement Earnings Credit Rate Service Charges for the Month Days in Month $250,000 $ 30,000 5% 1% $1,000 30 A Use the data above to calculate the Average Collected Balance. B. Use the data above to calculate the Earnings Credit. C. Did the company keep sufficient collected balances on deposit to cover the cost of services over the period

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