FINA4600 Cost of Funds Problem Processing& Acquisition Nonearning Percentage Funding Source Interest Cost Costs 17 14 7.2 Demand deposits Interest Checking Money Market Accts Other Savings Accts Small Time Deposits Large Time Deposits 44, 69,900 49,800 25,100 187,600 63,000 439,900 2.1 2.8 3.2 4.1 4.8 1. 0. TOTAL DEPOSITS Fed Funds Purchased 0 18,000 7.500 Other Liabilities 2.5 TOTAL LIABILITIES Stockholders' Equity TOTAL FINANCING 465 15.08 34,600 500,000 Calculate this bank's Cost of Funds